14) A benefit of using an accelerated depreciation method is that: A) It yields a higher income in the early years of the asset's useful life. 14) B) It is preferred by the tax code. C) It yields larger depreciation expense in the carly years of an asser's life. D) It is the simplest method to calculate. E) The results are identical to straight-line depreciation 15) The amount due on the m aturity date of a $6,000, 60-day 4%, note receivable is: (Use 360 days a year.) 15) A)S5.760. B) S6,240. C6,040. D) $6,000. E) S5,960. . E)S5,960. 16) A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts Accounts receivable Allowance for uncollectible accounts Net Sales S375,000 debit 500 debit 800,000 credit All sales are made on credit Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible what amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? 16) A) S4,500 B S4,800 C$1,275 D) SS,500 E)S1,775 17) A company ages its accounts receivables to determine its end of period adjustment for bad debes. At the end of the current year, management estimated that $15,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $375. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? 17) A) 15,750 Accounts Receivable 37 Bad Debts Expense 16,125 Sales B) Accounts Receivable Allowance for Doubtful Accounts 16,125 16,125