Assume that on January 2, 2016, Daeva Furniture purchased fixtures for $8,700 cash, expecting the fixtures to remain in service for five years. Daeva has depreciat the fixtures on a double-declining-balance basis, with $1,400 estimated residual value. On August 31, 2017, Daeva sold the fixtures for $2,500 cash. Requirement 1. Record both the depreciation expense on the fixtures for 2017 and the sale of the fixtures. Apart from your journal entry, also show how to compute the gain or lo on Daeva's disposal of these fixtures. Start by recording depreciation expense on the fixtures for 2017. (Record debits first, then credits. Exclude explanations from any journal entries) ournal Entry Date Accounts Debit Credit Aug 31 Before we record the sale of the fixtures, let's compute the gain or loss on the disposal of the fixtures. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss.) Gain (Loss) on sale Now record the sale of the fixtures on August 31,2017. Journal Entry hoose from any list or enter any number in the input fields and then continue to the next