What is another name for the aging of receivables method when estimating bad debt expense? the income statement approach the gross method the net income method the balance sheet approach ABC, Inc acquired a machine on January 1 at a cost of $250,000. ABC estimates that the machine has a useful life of 10 years and a $50,000 residual value. What will depreciation expense be in Year 2 if the company uses the double-declining balance method? 40,000 O 20,000 50,000 60,000