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The Tigers need to record a journal entry to estimate their bad debt expense for the period. The A/R aging shows a total of $750,000

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The Tigers need to record a journal entry to estimate their bad debt expense for the period. The A/R aging shows a total of $750,000 in Accounts Receivable, which is broken down as follows in age: $500,000 is 0 - 30 days old; $200,000 is 31-60 days old; and $50,000 is over 60 days old. Under the aging of receivables approach for estimating bad debt expense, the Tigers expect the following uncollectible %'s: 1% of the A/R that is 0 - 30 days old; 10% of the A/R amounts 31-60 days old, and 24% of the A/R amount past due for more than 60 days. The Allowance for Uncollectible A/R account curr ntly has a beginning debit balance of $1,000. What amount will be credited to the Allowance for Uncollectible A/R account for this journal entry. KHS&R Construction, Inc. purchased a truck for $59,000 on 1/1 in Year 1. The truck is expected to have a five-year life or last 100,000 miles and have a residual value of $10,000. The truck was driven as follows for year 1 & 2: Year 1-20,000 miles Year 2 - 19,000 miles If the activity based depreciation method is used, what will be the book value of the truck at the end of Year 2 on 12/31

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