12.On January 2, 2015, Dazzle Co. purchased fixtures for $11,000 cash, expecting the fixtures to...
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Accounting
12.On January 2, 2015, Dazzle Co. purchased fixtures for $11,000 cash, expecting the fixtures to remain in service for five years. The company has depreciated the fixtures on a double-declining-balance basis, with zero residual value. 1) Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the fixtures. Show your computations. 2) On Oct 31, 2016, Dazzle sold the fixtures for $6,200 cash. Record both depreciation expense for 2016 and sales of the fixtures on Oct. 31, 2016
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