Accelerated depreciation has an advantage for profitable firms in that it moves some cash flows forward, thus increasing their present value. on the other hand, using accelerated depreciation generally lowers the reported current year's profits because of the higher depreciation expenses. however, the reported profits problem can be solved by using different depreciation methods for tax and stockholder reporting purposes. t/f

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.