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On January 2, 2023, Snug Clothing Consignments purchased showroom futures for $15,000 cash, expectng the foxtures fo femain in service lor five years. Snug has

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On January 2, 2023, Snug Clothing Consignments purchased showroom futures for $15,000 cash, expectng the foxtures fo femain in service lor five years. Snug has depreciated the fixtures on a double-declining-balance basis, with zeso residual value. On August 31, 2024, Srug solid the fixtures for 38,000 cash . Pecord both depreciation expense for 2024 and sale of the foctures on August 31, 2024 (Recoed dobits first, then credits. Seloct the explanation on tre last line of the pumai entry table. Note that 2023 depreciation was recorded and posted in 2023) Begin by recording the depreciation expense for January 1, 2024 through August 31,2024

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