Homework answers / question archive / In 2018, Marg’s Antiques deducted a reserve for doubtful debts of $12,000

In 2018, Marg’s Antiques deducted a reserve for doubtful debts of $12,000

Taxation

Share With

In 2018, Marg’s Antiques deducted a reserve for doubtful debts of $12,000.  During 2019, she had actual write-offs of $12,500 and recoveries of previously written off debts of $1,500.  At the end of 2019, she deducted a reserve for doubtful debts of $14,000.  Marg’s 2019 net deduction for bad debts would be:

 

		
$13,000.



		
$14,000.

		
$11,000.



		
$12,500.