On January 2, 2021, Daeva Furniture purchased display shelving for $8000 cash, expecting the shelving to remain in service for five years. Daeva depreciated the shelving on a double declining basis, with $1900 estimated residual value. On August 31 2022 the company sold the shelbing for 2300 cash.

922001 um 200 cm concierge to remain service for years Doov dereclined the one wh Stadion 20th told thing for 300 cm at by contingerection in the 2022. fratres de Accounts Dale A 31 Debut Credit 1. Record both the depreciation expense on the shelving for 2022 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving