On January

2, 2023,

Ditto

Clothing Consignments purchased showroom fixtures for $12,000

cash, expecting the fixtures to remain in service for five years. Ditto

has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On October 31,

2024,

Ditto

sold the fixtures for $5,900

cash. Record both depreciation expense for 2024

and sale of the fixtures on October 31,

2024.

(Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that 2023

depreciation was recorded and posted in 2023.)

Markingar of ascets iecieved Less fook waim of asset asposed ol Les Aicraminted Degincation Ctainge (ost)