During the current year, TechCom concluded that a customer's $4,400 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on TechCom's current year net income and balance sheet assuming the allowance method is 2 points used to account for bad debts? O No effect on net income or on total assets O Decrease in net income; no effect on total assets O Decrease in net income; decrease in total assets O Increase in net income; no effect on total assets No effect on net income; decrease in total assets Accounts receivable turnover measures* 2 points O How long it takes to sell inventory on credit How often a company converts its average accounts receivable balance into cash during the period Measures the relationship of cash sales to credit sales How long it takes to sell inventory on credit and how often a company converts its average accounts receivable balance into cash during the period How often a company converts its average accounts receivable balance into cash dring the period and measures the relationship of cash sales to credit sales On October 1 of this year, SportsWorld purchased a delivery van for $23,000 with a residual value of $3,000. The van has an estimated useful life of 5 years. Using straight-line depreciation and the half-year rule, how much depreciation expense should SportsWorld recognize on December 31 of this year?* O $1,000 O $1,333 O $1,465 O $2000 O $4,600 SportsWorld purchased a machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. SportsWorld estimates that the machine could produce 750,000 units of product over its useful life. In the first year, 95,000 units were produced. In the second year, production increased to 111,000 units. Using the units-of- production method, what is the amount of depreciation that should be recorded for the second year? O $26,640 $22,800 $28,000 O $36,000 O$49,440