On July 1, Year 1 Susan Company purchased a delivery truck for $84,000. The estimated useful life of the truck is four years, during which time it will be driven about 200,000 miles. Estimated residual value is $22,000. a. 28. If Susan Company uses the double-declining-balance method of depreciation, the accumulated depreciation balance at December 31, Year 2 (after adjusting entries) will be: $62,000 b. $44,000 $50,500 d. $42,000 e. None of the above. C. year. The 21. At the start of the current year, Chad Company had a debit balance in the Allowance for Doubtful Accounts of $2,000, and a debit balance in Accounts Receivable of $680,000. During the year an adjustment of 3% of sales was made for estimated uncollectible accounts. Sales for the year (all on account) were $3,000,000 and $40,000 of accounts receivable were written off as worthless during the year. Collections of accounts receivable during the year were $2,340,000. No recoveries of accounts previously written off were made during the year- end financial statements should show: A. Allowance for Doubtful Accounts with a credit balance of $50,000 B. Net Realizable value of Accounts Receivable of $1,292,000 C. Bad Debts expense of $88,000 D. Net realizable value of Accounts Receivable of 1,252,000 E. None of the above