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Business, 15.07.2021 21:30 kdelisa

On January 1, 2018, a county government sends out property tax bills in the amount of $100,000,000. Of this amount, 15% is estimated to be uncollectible. During the year, $88,000,000 is collected. Of the $12,000,000 in uncollected taxes at December 31, 2018, 25% are expected to be collected within the next 60 days, and 15% are expected to be collected within the next 120 days. The rest are estimated to be uncollectible. In 2019, $10,000,000 is collected related to 2018 tax bills, and the remaining uncollected 2018 taxes are written off. How much property tax revenue, related to 2018 tax bills, is reported in 2019

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