nts On January 2, 2015, Comfy Clothing Consignments purchased showroom fixtures for $16,000 cash, expecting the fixtures to remain in service for five years. Comfy has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On August 31, 2016, Comfy sold the fixtures for $7,300 cash. Record both depreciation expense for 2016 and sale of the fixtures on August 31, 2016. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) eTei ent S edia er Rest Begin by recording the depreciation expense for 2016. Date Accounts and Explanation Debit Credit Aug. 311 Depreciation Expense-Fixtures Accumulated Depreciation-Fixtures To record depreciation on fixtures.