Warren Enterprises purchased a van for $10,620. The van has a salvage value of $4,900, and an estimated useful life of ten years. Warren plans to use the double declining method of depreciation. The book value at the end of year1 would be $ At the beginning of Year 3 Randall Company had a $13,400 balance in its accounts receivable account and a $1,050 balance in allowance for doubtful accounts. During Year 3 , Randall experienced the following wents, (1) Randall earned $22,160 of revenue on account. (2) Collected $15,610 cash from accounts receivable. (3) Wrote-off $780 of accounts receivable as uncollectible. Randall estimates uncollectible accounts to be 3% of receivables. Based on this information, the December 31, Year 3 the ending balance in the allowance for doubtful accounts account (balance after expense recognition) is $ The following information relates to Toby Company Beginning inventory 158 units at \$3 each Purchases 60 units at $7 each At the end of the period, Toby had 25 units left in inventory. Toby sold the remaining units for $18 each. If Toby used the LIFO costing model, what is the cost of goods sold? of eight years. Warren plans to use the straight line method of depreciation. The depreciation expense for year 3 would be $ Warren Enterprises purchased a van for $11,400. The van has a salvage value of $1,000, and an estimated useful ifo of five years. Warren plans to use the double declining method of depreciation. The depreciation expense in year 2 would be $ Beth Company purchased two identical inventory items. The first purchase cost $21 and the second cost $10. The Company sold one of the items for $28. If the Company uses the LIFO cost flow method, the balance in the inventory account after the sales transaction will be $