24) When an account becomes uncollectible and must be written off A) Allowance for Doubtful Accounts should be credited. B) Bad Debt Expense should be credited. C) Sales Revenue should be debited. D) Accounts Receivable should be credited. 25) An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $2,400 credit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debt Expense for $6,600. B) debit to Bad Debt Expense for $9,000. C) credit to Allowance for Doubtful Accounts for $9,000. D) debit to Allowance for Doubtful Accounts for $6,600. 26) One characteristic of a plant asset is that it is A) intangible. B) not currently used in the business but held for future use. C) used in the operations of a business. D) held for sale in the ordinary course of the business. 27) Which one of the following items is not considered a part of the cost of a truck purchased for business use? A) Cost of lettering on side of truck C) Truck license 28) B) Freight charges D) Sales tax Which of the following would not be charged to the Equipment account? A) Cost of trial runs C) Installation costs B) Electricity used by the machine D) Freight costs 29) Which of the following assets does not decline in service potential over the course of its useful life? A) Equipment B) Land C) Furnishings D) Fixtures 30) The four subdivisions of plant assets are A) intangibles, land, buildings, and equipment. B) property, plant, equipment, and land. C) land, land improvements, buildings, and equipment. D) furnishings and fixtures, land, buildings, and equipment.