Module 3: Chapter 10 Homework Question 3, EF10-22 (similar to) HW Score: 37.72%, 2.26 of 6 points Points: 0.26 of 1 Save On January 2, 2023, Favorte Clothing Consignments purchased showroom fatures for $14,000 cash, expecting the fixtures to remain in service for five years. Favorite has depreciated the futures on a double-declining-balance basis, with zar residual val On September 30, 2004, Favorite sold the fixtures for $8.000 cash Recond both depreciation expense for 2024 and sale of the fixtures on September 30, 2024 (Record debits first, then credits Select the explanation on the last Ine of the joumar every late Note that 2023 depreciation was recorded and posted in 2023) Begin by recording the depreciation expense for January 1, 2004 through September 30, 2024 Date Accounts and Explanation Sep 30 Operation Expense-tu Accumulated Depreciation-Fr Debit Credit 2.520 2,520 To record deprecation fatures Before acording the sale of the fixtures, at's date any gain or use on the sale of the fetures Market value of assals receive Less Block value of sof 000 Cat 14.000 Less Accumdated Depreciation Bain()