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What is the estimated realisable value of account receivable

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Question

HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72,000 less accumulated depreciation of $36,000. Depreciation is calculated on a straight-line basis. If the vehicle had a useful life of 6 years at the time of purchase and a residual value of $6,000. What is its carrying amount on 1 July 2013.

Question

Are the balances for Johnson Co at 12 December:

Accounts Receivable $23

452 Allowance for Doubtful

Debts 1 252 $22 200

If an account for $300 is written off on 15 December what is the estimated realisable value of Accounts Receivable after the write-off?

Reference no: EM132368063

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