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On January, 2, 2016, King Pet purchased fixtures for $57,000 cash, expecting the fixtures to remain in service for nine years. King Pet has depreciated
On January, 2, 2016, King Pet purchased fixtures for $57,000 cash, expecting the fixtures to remain in service for nine years. King Pet has depreciated the fixtures on a straight-line basis, with $1000 residual value. On April 30, 2018, King Pet sold the fixtures for $37000 cash. Record both depreciation expense for 2018 and sale of the fixtures on April 30, 2018.
E 10-23 (similar to) HW 507 5 10ps de 157700 Begin by the depreciw Please help!!!! Theres a total of 3 journal entries. I am so confused. Thank you!!!!!!
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