QUESTION 1

A method that ignores salvage value in the early years of the asset's life in calculating periodic depreciation expense is the

a.	productive-output method
b.	group composite method
c.	sum-of-the years'-digits method
d.	double-declining-balance method

QUESTION 2

The entry

Accounts Receivable xxx

Allowance for Uncollectible Accounts xxx

would be made when

a.	a customer pays its account balance
b.	a customer defaults on its account
c.	a previously defaulted customer pays its outstanding balance
d.	estimated uncollectible receivables are too low