Martin Company paid $900,000 for equipment. Martin uses straight-line depreciation. Currently, the Accumulated Depreciation account shows a balance of $180,000. If the asset has no residual value and an estimated life of 10 years, how many years has the asset been depreciated? (Round your final answer to the nearest year.) 2 5 10 3 Jumpin Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $2,030,000, and management estimates 5% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $1300. The amount of Uncollectible-Account Expense reported on the income statement will be: $102,800 $100,200 $101,500 $1300