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Question - Inge. Co. determined that the net value of its Accounts receivable at December 31, 2018, based on an aging of the receivables, was $325,000. Additional information is as follows:
Accumulated impairment account 1/1/2018 $30,000
Uncollectible accounts written off during 2018 18,000
Uncollectible accounts recovered during 2018 2,000
Accounts Receivable at 31/12/2018 350,000
For 2018, what would be Inge's impairment loss?
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