Multiple Choice $0 At the end of the year, Marcus estimated that $1,200 of his business' receivables are uncollectible. In addition, during the year, he wrote off an account in the amount of $500 from a client that declared bankruptcy. He does not believe he will ever collect the amount from the client due to the bankruptcy. What amount of bad debt expense may Marcus deduct for tax purposes under the accrual method? $700 $1,200 $1,900 $500