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On January 2, 2021, Bamet Furniture purchased display shelving for $8,400 cash, expecting the shelving to remain in service for five years. Barrett depreciated
On January 2, 2021, Bamet Furniture purchased display shelving for $8,400 cash, expecting the shelving to remain in service for five years. Barrett depreciated the shelving on a double-declining-balance basis, with $1,000 estimated residual value. On September 30, 2022, the company sold the shelving for $2,400 cash Read the requirement Start by recording depreciation expense on the shelving for 2022 (Record debits first, then credits Exclude explanations from any joumal entries) Date Sep 30 Journal Entry Accounts Debit Credit Snow how to compute the gain or loss on the disposal of the shelving (minus sign or parents for Notes of the shaving on Beber 30, 2002 Du 20 Journal Entry G Debt Credt
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