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Graded Part 1 of 3 O Points: 0 of 6 Save On January 2, 2023, Couture Clothing Consignments purchased showroom fixtures for $13,000 cash,
Graded Part 1 of 3 O Points: 0 of 6 Save On January 2, 2023, Couture Clothing Consignments purchased showroom fixtures for $13,000 cash, expecting the fixtures to remain in service for five years. Couture has depreciated the fixtures on a double-declining balance basis, with zero residual value. On October 31, 2024, Couture sold the fatures for $7.000 cash, Record both depreciation expense for 2024 and sale of the fixtures on October 31, 2024 (Record debts first, then credits. Select the explanation on the last line of the journal entry lable. Note that 2023 depreciation was recorded and posted in 20231 Begin by recording the depreciation expense for January 1, 2004 through October 31, 2024 Date Oct 31 Accounts and Explanation Debit Credit Clear all Check answer Help me solve this Etext pages Get more help.
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