Allowance for Doubtful Accounts. The Company maintains an allowance for doubtful accounts for estimated losses resulting from customers failing to make required payments. This valuation allowance is reviewed on a periodic basis. The review is based on factors including the application of historical collection rates to current receivables and economic conditions. Additional allowances for doubtful accounts are considered and recorded if there is deterioration in past due balances, if economic conditions are less favorable than the Company anticipated or for customer-specific circumstances, such as bankruptcy. The allowance for doubtful accounts included in trade accounts receivable, net is $0.8 and $0.7 million for the years ended December 31, 2014 and 2013, respectively. Bad debt expense included in general and administrative expense is $0.1 million and insignificant for the years ended December 31, 2014 and 2013, respectively. Concentrations, Credit Risk and Credit Risk Evaluation Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investments, and accounts receivable. As of December 31, 2014 and 2013, the Company placed its cash equivalents and investments primarily through one financial institution, City National Bank (“CNB”), and mitigated the concentration of credit risk by placing percentage limits on the maximum portion of the investment portfolio which may be invested in any one investment instrument. These amounts exceed federally insured limits at December 31, 2013 and 2012. The Company has not experienced any credit losses on these cash equivalents and investment accounts and does not believe it is exposed to any significant credit risk on these funds. The fair value of these accounts is subject to fluctuation based on market prices.
Allowance for Doubtful Accounts. The Company maintains an allowance for doubtful accounts for estimated losses resulting from customers failing to make required payments. This valuation allowance is reviewed on a periodic basis. The review is based on factors including the application of historical collection rates to current receivables and economic conditions. Additional allowances for doubtful accounts are considered and recorded if there is deterioration in past due balances, if economic conditions are less favorable than the Company anticipated or for customer-specific circumstances, such as bankruptcy. The allowance for doubtful accounts included in trade accounts receivable, net is $0.7 million at both June 30, 2015 and December 31, 2014. Bad debt expense included in general and administrative expense was insignificant for the three months ended June 30, 2015 and 2014, respectively.
Allowance for Doubtful Accounts. The Borrower will not permit the allowance for doubtful accounts for the Borrower and its Subsidiaries (as determined in accordance with generally accepted accounting practices), to be less than 2% of the Net Investment in Leases and Notes for the Borrower and its Subsidiaries, at any time. ACFC will not permit ACFC's allowance for doubtful accounts (as determined in accordance with generally accepted accounting practices), to be less than 1% of ACFC's Net Investment in Leases and Notes, at any time.
Allowance for Doubtful Accounts. An allowance for doubtful accounts is provided based upon evaluation of the recoverability of the receivables at the balance sheet date.
Allowance for Doubtful Accounts. In determining an allowance for doubtful accounts, the management needs to make judgment and estimates based upon, among other things, past collection history, aging profile of outstanding debts and the financial position of each client.
Allowance for Doubtful Accounts. The allowance for doubtful accounts is established based on historical experience, current economic conditions, and specific customer collection issues. Management evaluates the collectability of accounts receivable on an ongoing basis and adjusts the allowance as necessary. Changes in economic conditions or customer creditworthiness could result in adjustments to the allowance for doubtful accounts, impacting our reported financial results.
Allowance for Doubtful Accounts. Accounts receivable, principally from customers, are net of an allowance for doubtful accounts of $34 million and $105 million at December 31, 1999 and 2000, respectively. The provision for doubtful accounts in the Company's Statements of Consolidated Operations for 1998, 1999 and 2000 was $21 million, $16 million and $95 million, respectively. For information regarding the provision against receivable balances related to energy sales in the California market, see Note 14(h).
Allowance for Doubtful Accounts. Activity in the allowance for doubtful accounts is summarized as follows: PERIOD FROM DECEMBER 24, YEAR ENDED 1998, THROUGH DECEMBER 31, DECEMBER 31, 1999 1998 Balance, beginning of period.......................... $ 1,728 $1,702 Acquisitions of cable systems......................... 5,860 -- Charged to expense.................................... 20,872 26 Uncollected balances written off, net of recoveries... (16,989) -- Balance, end of period................................ $ 11,471 $1,728 ======== ====== 5. PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment consists of the following at December 31: 1999 1998 ---- ---- Cable distribution systems.............................. $3,523,217 $661,749 Land, buildings and leasehold improvements.............. 108,214 26,670 Vehicles and equipment.................................. 176,221 30,590 ---------- -------- 3,807,652 719,009 Less--Accumulated depreciation.......................... (317,079) (2,767) ---------- -------- $3,490,573 $716,242 ========== ======== For the year ended December 31, 1999, and for the period from December 24, 1998, through December 31, 1998, depreciation expense was $225.0 million and $2.8 million, respectively. 91
Allowance for Doubtful Accounts. An allowance for doubtful accounts is estimated and recorded based on the Company’s historical bad debt experience. Management believes that all accounts receivable will be collected within one year; therefore, an allowance for doubtful accounts is not necessary.
Allowance for Doubtful Accounts. Applicable from January 1,2020 In determining an allowance for doubtful accounts, the management needs to make judgement and estimates the expected credit loss based on the payment profiles and the corresponding historical credit losses which are adjusted to reflect the current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables such as GDP, the unemployment rate and the consumer price index. Applicable prior to January 1,2020 In determining an allowance for doubtful accounts, the management needs to make judgement and estimates based upon, among other things, past collection history, aging profile of outstanding debts and the prevailing economic condition. impairment of investment in subsidiary In determining reviews the impairment of investment which requires management to prepare projections of the cash flows expected to be generated by the investment in the future, and to choose a suitable discount rate in order to calculate the present value of those cash flows. investment property/Depreciation In determining depreciation of investment property, the management is required to make estimates of the useful lives and residual values of the investment property and to review the useful lives and residual values when there are any changes. In addition, the management is required to review investment property for impairment on a periodical basis and record the impairment loss when it is determined that the recoverable amount is lower than the carrying amount. This requires judgement regarding forecast of future revenues and expenses relating to the assets subject to the review. In determining the fair value disclosure of investment property, the management used the income approach supported by current and previous valuations by an independent appraiser. Property, plant and equipment/Depreciation In determining depreciation of plant and equipment, the management is required to make estimates of the useful lives and residual values of the plant and equipment and to review the estimated useful lives and residual values when there are any changes. In addition, the management is required to review property, plant and equipment for impairment on a periodical basis and record the impairment loss when it is determined that the recoverable amount is lower than the carrying amount. This requires judgement regarding forecast of future revenues and expenses relating to the assets subject to the review....
