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On January 2, 2022. west Pet purchased tutures for $50.000 cash, pecting the stres to remain vice for ten years Swost Paths depreciated the tales on a line with $3,000.00 Petold the idea for 541 450 cath. Record both deprecho pense fo 2004 and of the fres on May 1, 2004 Amended hamarthomedeco Begin by marding the depreciation expert of May 31, 2004 Datu Accounts and Explanation May 31 De Credit Before recording the sale of the future, 'scalate any info on the sale of the stures with a per Market value of served Lass Book value of asset aposed of Acumulated Depreciation Gainer Los) Now record the sale of the Nature on May 31, 2024. Date Accounts and Explanation May 31 Date Crede Time Remaining 00:38:15 Next Calculator Before recording the sale of the fodtures, let's calculate any gain or loss on the sale of the fixtures, Enter a loss with a minus signor pres) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Now, record the sale of the fixtures on May 31, 2024. Debit Credit Date Accounts and Explanation May 31 Calculator