Question: 1)under the allowance method, when a specific account is written off total assets will be unchanged. Why? 2) Under the allowance method, Uncollectible Accounts Expense

1)under the allowance method, when a specific account is written off total assets will be unchanged. Why?

2) Under the allowance method, Uncollectible Accounts Expense is recorded for an estimated amount. WHY?

3)An expenditure for which of the following items would be considered a revenue expenditure?

a)plant asset

b)routine maintenance

c)addition

d) betterment

WHY?

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