On January 2, 2017, Thrifty Clothing Consignments purchased showroom fixtures tor $13,000 cash, expecting the fixtures to remain in service for five years Thrifty has depreciated the fixtures on a double-decining-balance basis, with zero residual valus On Octo er 3 2018, Th my old the t ctures lor se 500 ash Re rd both de rece on expense r on and a enf h nur s n Dctber 31, an R oca i is: em no s select h expana in n he astie te our al m nabr depreciation was recorded and posted in 2017) Begin by recording the depreciation expense for January 1, 2018 through October 31, 2018 Date Accounts and Explanation Debit Credit Oct 31 Depreoation Expense Fixtures Accumulated Depreciation-Fixtures o record depreciation on fxtures