Hugo incorporated decided open a high school clothes brand for another corporation on January 1 2019,. Because they have a great revenue. So, in the end of 1^st year, they decided that they going to use 5% of their bad debt estimate. During 2019 Hugo have total revenues of 170k, all on credit. Besides that, during the year Hugo collected 200k cash as outstanding receivables. One of customer can not pay debt which is 5k. So in the end of 2019 what is the bad debt will record, if Hugo uses the double declining method for depreciation?

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