On October 12 of the current you, acompany determined that a customer's account receivable was uncollectible and that the account should be wrimen oft Assuming the allowance method is used to account for bad debts, what effect will this write-off have on the company's net income and total assets? Me Choice o Decree net income no effect on total asset 0 Notect on net income, no effect on total 0 Dennetin decrease in total assets increase in not income, no effect on total assets No effect on net income, decrease in total assets