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On January 2, 2015, Comfy Clothing Consignments purchased showroom fixtures for $11,000cash, expecting the fixtures to remain in service lor five years. Comity has depreciated
On January 2, 2015, Comfy Clothing Consignments purchased showroom fixtures for $11,000cash, expecting the fixtures to remain in service lor five years. Comity has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On October 31,2016 , Comify sold the fixtures far 56,300 cash Pecord boeth depreciation expense for 2016 and sale of the fixtures on October 31, 2016. (Reoord debits first, then crecits Select the explanation on the last line of the joumal entry table:? Begin by recording the depreciation expense for 2016
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