Oriole Company owns a trade name that was purchased in an acquisition of Sandhill Co.. The trade name has a book value of $2150000, but according to IFRS, it is assessed for impairment on an annual basis. To perform this impairment test, Oriole must estimate the fair value of the trade name. It has developed the following cash flow estimates related to the trade name based on internal information. Each cash flow estimate reflects Oriole's estimate of annual cash flows over the next 7 years. The trade name is assumed to have no residual value after the 7 years. (Assume the cash flows occur at the end of each year.) Click here to view factor tables Oriole determines that the appropriate discount rate for this estimation is 6%. To the nearest dollar, what is the estimated fair value of the trade name? Oriole determines that the appropriate discount rate for this estimation is 6%. To the nearest dollar, what is the estimated fair value of the trade name? $2150000$1040000$1898009$340000 Swifty Corporation has outstanding accounts receivable totaling $1.28 million as of December 31 and sales on credit during the year of $6.29 million. There is also a debit balance of $4900 in the allowance for doubtful accounts. If the company estimates that 3% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $38400.$43300.$38253.$33500