Warren Enterprises purchased a van for $20,600. The van has a salvage value of $2,500, and an estimated useful life of five years. Warren plans to use the double declining method of depreciation.

The depreciation expense in year 2 would be $_________

Bailey Company paid $263,080 for land and a building. An independent appraiser provided these fair value estimates: land $159,300, and building $270,000.

The cost that will be allocated to the land will be $________

Do not round until you get to the final answer.

Young and Restless Corporation (YRC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered current and have a 3% uncollectible rate. Accounts more than 60 days are considered delinquent and have a 25% uncollectible rate.. YRCs Allowance for Doubtful Accounts currently has an unadjusted credit balance of $514

If YRC has $66,160 of current accounts and $6,900 of delinquent accounts, how much should be reported in the Allowance for Doubtful Accounts?