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metho metho iscuss why some might shift to LIFO although others might not levertheless, tfemendous not every company shifted to the LIFO shilt from the
metho metho iscuss why some might shift to LIFO although others might not levertheless, tfemendous not every company shifted to the LIFO shilt from the VIPO PROBLEMS nt of Bad Debts. AAA Computer Company, an accrual basis corporation, in computerized accounting system for a customer and billed him S1.50o stalled a new in June, 2016. hat the ac en aging its accounts receivable at year-end, the company found agin customer was experiencing financial difficulties Assuming the company estimated that only $1,000 of the account would be collected, what is the amount of the bad debt deduction, if any, that it can claim in 2016? d the answer to (a) change if the debt were a non-business bad debt? In 2017 the company actually collected $200 and the remainder of the debt was worthless. What is the amount of the bad debt deduction, if any, that it can claim in 2017? c. 0-13 Bad Debts and Accounting Methods. Dr. D, a dentist, performed a root canal for a
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