A machine with a cost of $60,300.00 has an estimated residual value of $4,532.00 and an estimated life of 5 years or 19,030 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

Select the correct answer.

a. $24,120.00

b. $12,060.00

c. $14,472.00

d. $22,307.20

Allowance for Doubtful Accounts has a credit balance of $1,084 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $13,005. Which of the following entries records the proper adjustment for Bad Debt Expense?

Select the correct answer.

a. debit Allowance for Doubtful Accounts, $14,089; credit Bad Debt Expense, $14,089

b. debit Allowance for Doubtful Accounts, $11,921; credit Bad Debt Expense, $11,921

c. debit Bad Debt Expense, $11,921; credit Allowance for Doubtful Accounts, $11,921

d. debit Bad Debt Expense, $14,089; credit Allowance for Doubtful Accounts, $14,089