On January
2, 2023,
Ditto
Clothing Consignments purchased showroom fixtures for $12,000
cash, expecting the fixtures to remain in service for five years. Ditto
has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On October 31,
2024,
Ditto
sold the fixtures for $5,900
cash. Record both depreciation expense for 2024
and sale of the fixtures on October 31,
2024.
(Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that 2023
depreciation was recorded and posted in 2023.)
Markingar of ascets iecieved Less fook waim of asset asposed ol Les Aicraminted Degincation Ctainge (ost) 
