10. On January 2, 2016, Pet Haven purchased pictures for $36,600 cash, expecting the fixtures to remain and service for six years. Pets Haven has depreciated the fixtures on a straight line basis, with $6000 residual value. On August 31, 2018, Pets Haven sold the fixtures for $22,000 cash. Record both depreciation expense for 2018 and sale of the fixtures on August 31, 2018.

step one: begin by recording the depreciation expenses as of August 31, 2018.

step two: before recording the sale of the fixtures, let's calculate any gain or loss of the sale of fixtures.

step three: now record the sale of the fictures of August 31, 2018.

eet we exp sau e sease U e a suy use- Date Accounts and Explanation Aug. 31 Debit Credit Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures. (Enter a loss with a minus sign or parenth Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) mmmher in the input fields and then continue to the next question Now, record the sale of the fixtures on August 31, 2018 Date Accounts and Explanation Debit Credit Aug. 31 & PhotoGrid