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The annual report for Fabeck Finishing Corporation contained the following information: (in millions) 2021 2020 Accounts Receivable $455 $455 Allowance for Doubtful Accounts 35 25
The annual report for Fabeck Finishing Corporation contained the following information:
(in millions) | 2021 | 2020 |
---|---|---|
Accounts Receivable | $455 | $455 |
Allowance for Doubtful Accounts | 35 | 25 |
Accounts Receivable, Net | $420 | $430 |
Assume that accounts receivable write-offs amounted to $1 during 2021 and $9 during 2020 and that Fabeck Finishing did not record any recoveries.
Required:
Determine the Bad Debt Expense for 2021 based on the above facts. (Enter your answer in millions.)
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