Calculation of Net Realizable Value

L$.$ R$.$ Updike owns a department store that has a $$50,000$ balance in Accounts Receivable and a $$2,500$ credit balance in Allowance for Doubtful Accounts.

Determine the net realizable value of the accounts receivable.

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Assume that an account receivable in the amount of $$500$ was written off using the allowance method. Determine the net realizable value of the accounts receivable after the write$-$off.