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On January 2 , 2 0 1 7 , Once Again Clothing Consignments purchased showroom fixtures for $ 1 2 , 0 0 0 cash
On January Once Again Clothing Consignments purchased showroom fixtures for $cash expecting the fixtures to remain in service for five years. Once Again has depreciated the fixtures on a doubledecliningbalance basis, with zero residual value. On October Once Again sold the fixtures for $ cash. Record both depreciation expense for and sale of the fixtures on October Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that depreciation was recorded and posted in
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