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Use the following data for the next two questions On July 1, 2019 Judy Company purchased a delivery truck for $72,000. The estimated useful life
Use the following data for the next two questions On July 1, 2019 Judy Company purchased a delivery truck for $72,000. The estimated useful life of the truck is four years, during which time it will be driven about 180,000 miles. Estimated residual value is $12,000. If Judy Company uses the straight-line method of depreciation, the book value of the asset at December 31, 2021, (after adjusting entries), will be: O A $22,500 O B. $27,000 oc $34.500 O S49.500 QUESTION 28 Use the following data for the next two questions. On July 1, 2019 Judy Company purchased a delivery truck for $72,000. The estimated useful life of the truck is four years, during which time it will be driven about 150,000 miles. Estimated residual value is $12,000. if Judy Company uses the double-declining-balance method of depreciation, the accumulated depreciation balance at December O $36.000 O B. $30,000 oc $15,000 $45,000 QUESTION 35 (BONUS) Assume the Murtha Company reported the following adjusted account balances at year-end. ACCOUNT 2016 2015 Accounts Receivable $1,560,200 $1,210,920 Allowance for Doubtful Accounts _(29,000) _(64.600) Accounts Receivable, Net $1,481,200 $1,146 320 Assume the company recorded no write-offs or recoveries during 2016. What was the amount of Bad Debt Expense reported in 2016? A 579,000 B. 564,600 o $28,800 OD $14.400 O E. None of the above
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