Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of 587,000. The machine's useful life is estimated to be years or 400,000 units of product, with a 57,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machine second year depreciation under the units-of-production method a. $16.000 b. $16,900. c. $18,379 d. $20,880 e $17,400 QUESTION 48 Salta Company installs a manufacturing machine in its factory at the beginning of the year M a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. What journal entry would be needed to record the machines' second year depreciation under the units of production method? a. Debit Depletion Expense $16,900, credit Accumulated Depletion $16,900. b. Debit Depletion Expense $16,000, credit Accumulated Depletion $16,000 c. Debit Depreciation Expense $16,000, credit Accumulated Depreciation $16,000. d. Debit Amortization Expense $16,900; credit Accumulated Amortization $16.900 e. Debit Depreciation Expense $16,900; credit Accumulated Depreciation $16,900. QUESTION 45 On September 1, a customer's account balance of $2,300 was deemed to be uncollectible. Whatentry should be recorded on September to record the write-off assuming the company uses the allowance method? a. Debit Allowance for Doubtful Accounts $2,300, credit Accounts Receivable $2,300 b. Debit Allowance for Doubtful Accounts $2,300, credit Bad Debts Expense $2,300 Debit Bad Debts Expense 52,300, credit Allowance for Doubtful Accounts $2,300 d. Debit Accounts Receivable 5250;credit Allowance for Doubtful Accounts $2,300. e Debit Bad Debts Expense $2,300, credit Accounts Receivable $2,300 QUESTION 46 Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines second year depreciation under the double-declining balance method a. $17,400 b. $16,900. c. $20,880 d. $18,379 e. $16,000 A company used the percent of sales method to determine its bad debts expense. At the end of the current year, the company's adjusted trial balance reported the following selected amounts: Accounts Receivable $435,000 Debit Allowance for Doubtful Accounts $1,250 Debit Net Sales $2,100,000 Credit All sales are made on credit. Based on past experience, the company estimates 1% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? a. Debit Bad Debts Expense $19,750, credit Allowance for Doubtful Accounts $19,750. b. Debut Bad Debts Expense $15,225, credit Allowance for Doubtful Accounts $15,225 c. Debit Bad Debts Expense $21,000, credit Allowance for Doubtful Accounts $21,000 d. Debit Bad Debts Expense $7,350, credit Allowance for Doubtful Accounts $7,350. e. Debit Bad Debts Expense S22,250, credit Allowance for Doubtful Accounts $22,250