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Mill Co.'s allowance for uncollectible accounts was $100,000 at the
end of 2005 and $90,000 at the end of 2004. For the year ended
December 31, 2005, Mill reported bad debt expense of $16,000 in its
income statement. What amount did Mill debit to the appropriate
account in 2005 to write off actual bad debts?
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ACC 577 Week 3 Quiz (100 % Correct Answers)

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Week 3 Quiz
All Questions Details given below (Please Check)
Question 1
During 2004, Yvo Corp. installed a production assembly line to
manufacture furniture. In 2005, Yvo purchased a new machine
and rearranged the assembly line to install this machine. The
rearrangement did not increase the estimated useful life of the
assembly line, but it did result in significantly more efficient
production. The following expenditures were incurred in
connection with this project: What amount of the above
expenditures should be capitalized in 2005?
Question 2
On January 2, 2005, Well Co. purchased 10% of Rea, Inc.'s
outstanding common shares for $400,000. Well is the largest
single shareholder in Rea, and Well's officers are a majority on