1) On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the

A. Uncollectible accounts expense for the year

B. total of the accounts receivables written-off during the year

C. total estimated uncollectible accounts as of the end of the year

D. sum of all accounts that are past due.

2) Machinery was purchased on January 1, 2010 for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining balance depreciation for 2011 would be

	A.	$10,929
	B.	$6,000
	C.	$10,500
	D.	$10,408

3) Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. Determine the 2nd year