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On January 2, 2016. Pet Oasis purchased futures for $60,000 cash, expecting the futures to remain in service for nine years. Pelsis has depreciated the

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On January 2, 2016. Pet Oasis purchased futures for $60,000 cash, expecting the futures to remain in service for nine years. Pelsis has depreciated the futures on a wire basis, wth 1.000 residual. On Apr 30, 2018 Pot Oasis told the fixtures for $40,000 sh. Record both depreciation expense for 2018 and sale of the stures on April 30, 2018. (Assume the modified half month convention is used Record debit fr. here the the line of the humanity) Begin by recording the depreciation as of Apr 30, 2018 Accounts and Explanation Ape 30 Da Debit Before recording the sale of the stures, w's calowe anyone on the sale of the futures (Enter a loss with a minus sign or parentheses) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or(Loss) Now, record the sale of the factures on April 30, 2018 Date Accounts and Explanation Debi Credit Apr. 30 Choose from any list or enter any number in the input fields and then continue to the next

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