2.22 points Halifax Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Halifax Co.: Cash sales $ 300,000 Credit sales 51.500.000 Total sales $ 1.800.000 Credit balance in the Allowance for Doubtful Accounts $7.500 Bad debt loss rate 3% What is the estimate of bad debt expense? 543.500 537.500 $45,000 536.000 Uber Corp. purchased Kareem for $10,000,000 cash. The book value of Kareem's net assets is $7.000.000 and the market value is $9.000,00 The goodwill that Uber should record under its assets is $1,000,000 The Goodwill that Kareem should record under its assets is $1,000,000 The goodwill that Uber should record under its assets is $3000,000 The goodwill that Kareem should record under its assets is $3000.000 Company A acquired a machine on May 1, 2006. for 5140.000. The salvage value is 520.000 and the estimated 6 years or 60.000 hours. Compute depreciation expense for the year ending December 31, 2006. If Company A uses the units-of-production method of depreciation and uses the machine for 9.000 hours. $18,000 $14.000 $21,000 $12.000 Question of