La crosse partners llc has a franchise agreement with arnolds crispy fry that expires in seven years, but is renewable at each expiration date for a nominal fee. if the franchise agreement is initially valued at $60,000: a) an accelerated amortization method is more appropriate than the straight-line method. b) amortization expense in the first year will be one-seventh of $60,000. c) amortization expense in the sixth year will be zero.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)