On January 2, 2015, Snug Clothing Comments purchased howroom flatures for $15.000 cash, expecting the futures to remain in service for five years. Snug has deprecated on a double declining balance basis, with zero residual value on September 30, 2016, Snug sold the futures for 17.000 cash Record both depreciation expense for 2016 and sale of the futures on September 30, 2016. Record debts first, then credits Get the explanation on the last line of the journal entry table) Regin by recording the depreciation expense for 2016 Data Accounts and Explanation Debi Credit Sep 30 Depreciation Expense-Fixtures 2.700 Accumulated Depreciation.Fatures 2.700 To record depreciation on fitures Before recording the sale of the foxtures, let's calculate any gain or loss on the sale of the fortes Market value of assets received 7000 Less Book Value of asset disposed of Enter any number in the edit fields and then click Check