Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $154,000. The asset is expected to have a salvage value of $15,600 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be: Multiple Choice 10,00 During the month of July, Clanton Industries issued a check in the amount of $723 to a supplier on account. The check did not clear the bank during July In preparing the July 31 bank reconciliation, the company should: 0 O Add the check amount to the book balance of cash 0 Deduct the check amount from the book balance of cash 0 Make a journal entry in the company records for an error 0 Deduct the check amount from the bank balance. 0 Add the check amount to the bank balance At the end of the current year, using the aging of receivable method, management estimated that $23,250 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $625. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 23,875 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable Bad Debts Expense Sales 23,875 O m Bad Debts Expense Allowance for Doubtful Accounts deben cox per scoubtful Accounts _ 23,07 23,875 23.250 Bad Debts Expense Allowance for Doubtful Accounts 23.250 22,625 Bad Debts Expense Allowance for Doubtful Accounts 22,625 A company purchased a weaving machine for $256,560. The machine has a useful life of 8 years and a residual value of $14,000. It is estimated that the machine could produce 758,000 bolts of woven fabric over its useful life. In the first year, 109,000 bolts were produced. In the second year, production increased to 113,000 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year? o o o o o