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Determine the bad debt expense

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Reference no: EM13553458

A recent annual report for Target contained the following information (dollars in thousands) at the end of its fiscal year:
Year 2


Year 1
Accounts receivable $ 9,085,000

$ 8,632,000
Allowance for doubtful accounts
(1,018,000 )

(569,000 )



$ 8,067,000

$ 8,063,000

A footnote to the financial statements disclosed that uncollectible accounts amounting to $828,000 and $419,000 were written off as bad debts during year 2 and year 1, respectively. Assume that the tax rate for Target was 40 percent.

Required:

Determine the bad debt expense for year 2 based on the preceding facts.

Reference no: EM13553458

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