On January 2, 2023 family clothing consignment purchased showing fixtures for $11,000 cash expecting the...
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Accounting
On January 2, 2023 family clothing consignment purchased showing fixtures for $11,000 cash expecting the fixtures to remain inservice for five years. again has depreciate it the fixtures on a double declining balance basis with zero residual value on August 31, 2024 again sold the fixtures for $5000 cash record both depreciation expense for 2024 and sale of the fixtures on August 31, 2024
begin by recording the depreciation expense for January 1, 2024 through August 31, 2024
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