acquired on October 1 , 2012, at a cost of $400,000 has life of 10 years. The salvage value is estimated to be $40,000 at the end of the ets useful life. estimated useta Instructions Determine the depreciation expense for the first two years using: (a) the straight-line method. (b) the double-declining-balance method. 36. Ditka Company's ledger at the end of the current year shows Accounts Receivable of $150,000. Instructions a. If Allowance for Doubtful Accounts has a credit balance of $4,400 in the trial balance and bad debts are expected to be 10% of accounts receivable,journal rzetheadiysing entry for the end of the period. b. If Allowance for Doubtful Accounts has a debit balance of S4,400 in the tial balance bad debts are expected to be 10% of accounts receivable, journalize the adjusting and entry for the end of the period