PLEASE ANSWER ALL QUESTIONS AND SHOW ALL YOUR WORK!

Duncan Company purchased a machine that cost $79,433, has an estimated residual value of $2,403, and has an estimated useful life of 8 years.

Using the double declining balance methid, what is the depreciation expense for year 2?

2*(79433-2403/8) is 19257.5 then 79433-19257.5 is 60175.5 so then 2*(60175.5-2403/7) is answer of 16506 = this is wrong

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On June 1, 2017, Kevin Co loaned an employee $18,000 for 9 months. The employee signed a note. The annual interest rate on the note will be 6%. The employee will pay the principal in and interest when it comes due in 2018.

When the note comes due in 2018, the credit to interest receivable will be $_______

18000*(2/12)*.06 is 180 = this is wrong

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At the beginning of Year 3 Randall Company had a $17,020 balance in its accounts receivable account and a $1,330 balance in allowance for doubtful accounts. During Year 3, Randall experienced the following events.

(1) Randall earned $24,400 of revenue on account.

(2) Collected $17,770 cash from accounts receivable.

(3) Wrote-off $870 of accounts receivable as uncollectible.

Randall estimates uncollectible accounts to be 3% of receivables. Based on this information, the December 31, Year 3 the ending balance in the allowance for doubtful accounts account (balance after expense recognition) is $_________

17020+24400-17770-870 is 22780*.03=683.40 then 1330-870+683.4 = this is wrong