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On January 2, 2017. Again Clothing Consignments purchased showroom fixtures for $16,000 cash, expecting the fixtures to remain in service for five years. Again has

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On January 2, 2017. Again Clothing Consignments purchased showroom fixtures for $16,000 cash, expecting the fixtures to remain in service for five years. Again has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On August 31, 2018, Again sold the fixtures for $7,300 cash. Record both depreciation expense for 2018 and sale of the fixtures on August 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that 2017 depreciation was recorded and posted in 2017.) Begin hy recording the donorintion Debit Credit Ee the Begin by recording the depreciation expense for January 1, 2018 through August 31, 2018. lion. Date Accounts and Explanation my so Aug. 31 millid ssets nents and e

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