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answer correctly Assume that on January 2, 2019, a Freshly Ground...

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Accounting

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Assume that on January 2, 2019, a Freshly Ground franchise purchased foxtures for $14,900 cash, expecting the fixtures to remain in service five years. The restaurant has depreciated the foxtures on a double-diminishinn-balance basis, with $600 estimated residual value. On June 30,2020 , Freshly Ground sold the fixtur Requirements 1. Record the sale of the fixtures. 2. Management is thinking of switching to the straight-line method of depreciation. Do you agree? Why w why not: Requirement 1. Record the sale of the foxtures. Record the depreciation expense on the fixtures for 2020 and then the sale of the foctures Record the depreciatior expense on the foxtures for the first six months of 2020 . (Record debits first, then credits. Explanations are not required. Round the depreciation expense to the nearest whole dollar.)

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