Question 29 What is the amount of Bad Debt Expense based on the following information Shnely Company estimates that 2% of net credit sales will become uncollectibles. Sales are $600,000, sales returns and allowances are $30,000, and the allowance for doubtful accounts has a $5,000 credit balance $11.400 $12.000 $5,400 $6.000 2 pts Question 30 What is the amount of Bad Debt Expense based on the following information: Lovely Company estimates that 4% of accounts receivable will become uncollectible. Accounts receivable are $100.000 at the end of the year, and the allowance for doubtful accounts hos a $500 debit balance. O $5,000 0 $3,500 O 54,500 $4.000 Question 38 2 pts Afactory machine was purchased for $60,000 on January 1, 2018. It was estimated that it would have a $12,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would run 40,000 hours during the 5 years. The company ran the machine for 4,000 actual hours in 2018. If the company uses the units-of-production method of depreciation, the amount of depreciation expense for 2018 would be $6,000 $4,800 O $9,600 $12,000 20 Question 39