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QUESTION 6 What will the annual depreciation be under the straight line method if the amount to be depreciated is $50,000, and the estimated useful life of an asset is 10 years? $50,000 $20,000 $10,000 $5.000 QUESTION 7 Which accounts receivable account can a business not collect? Uncollectible Account Accounts Receivable Account Accounts Payable Account Expense Account QUESTION 8 Which account is to be debited to write off uncollectible receivable? accounts receivable account accounts payable account uncollectible expense account cash in bank account QUESTION 9 This method of accounting for uncollectible accounts matches the estimated uncollectible account expense with sales made during the same period: Direct write off Allowance Percentage of net sales Aging of Accounts Receivable QUESTION 10 What is the maturity value of a bill whose principal is $50,000, interest rate is 8%, and term is 60 days? $50,657.52 $50,000 $657.52 $60,657.52