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on January 2, 2022 pets spa purchased fixtures for $37,800 cash expecting the fixtures to remain in service for six years pet spa has depreciate
on January 2, 2022 pets spa purchased fixtures for $37,800 cash expecting the fixtures to remain in service for six years pet spa has depreciate fixtures on a straight line basis with $9000 residual value on May 31, 2020 for pet spa sold the fixtures for $24,200 cash record both depreciation expense for 2024 and sale of the fixtures May 31, 2024 assume the modified half month convention is used
Begin by recording the depreciation expense as of May 31, 2024
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