On January 2, 2018, Vincent Furniture purchased display shelving for $8,800 cash, expecting the shelving to remain in service for five years. Vincent depreciated the shelving on a double-declining-balance basis, with $1,600 estimated residual value. On August 31, 2019, the company sold the shelving for S2,900 cash. Read the requirement. Start by recording depreciation expense on the shelving for 2019. (Record deblts first, then credits. Exclude explanations from any Journal entries.) Journal Entry Date Accounts Debit Credit i Requirement Aug 31 1. Record both the depreciation expense on the shelving for 2019 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Clear All Check