12 2 points Under the direct write-off method, bad debt expense is recorded in the accounting period a customer's account is determined to be uncollectible and written-off. True False 13 points Mallory Enterprises purchased equipment at the beginning of the year at a cost of $60,000. Annual depreciation expense for the asset is $10.000. What is the book value of the asset at the end of year 2? O $10,000 $30,000 $20,000 $40,000 14 polet Sandro International, Inc. reports a balance of 529.000 in Accounts Receivable and 53.450 in the lowance for Double Account What is the net reliable value of the receivables? $3.450 $29.000 $25,550 $32.450 15 The Allowance for Doubtful Accounts is a contra revenue account is not listed on the chart of accounts of a company that uses the direct write-off method