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On January 2, 2023, Couture Clothing Consignments puitchased showtoom fotures for $13,000 cash, expecting the fixtures to remain in service for five years Couture has

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On January 2, 2023, Couture Clothing Consignments puitchased showtoom fotures for $13,000 cash, expecting the fixtures to remain in service for five years Couture has depreciated the fixtures on a double-declining balance basis, with zero residual value. On August 31,2024 . Couture sold the foxtures for 57 co0 cash Record both depreciation experise for 2024 and sale of the foctures on August 31. 2024 (Record debits first, then credits Select the explanation on the last Ine of the journal entry fable Noto that 2023 depreciation was recorded and posted in 2023) Beqin by recording the depreciation expense for January 1, 2024 through August 31, 2024

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