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Computer equipment was acquired at the beginning of the year at a cost of $58,500. It had an estimated residual value of $4,800 and an
Computer equipment was acquired at the beginning of the year at a cost of $58,500. It had an estimated residual value of $4,800 and an estimated useful life of 5 years. a. Determine the depreciable cost, b. Determine the straight-line rate Determine the annual straight-line depreciation An estimate based on an analysis of receivables shows that $773 of accounts receivable are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $187. After preparing the adjusting entry at the end of the year, the balance in the Allowance for Doubtful Accounts is the one listed below. Select the correct answer. $960 $187 $586 $773 The maturity value of a $183,600, 12%, 40-day note receivable dated July 3 is $183,600 $186,048 $205,632 $193,392
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