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On January 2.2018, Daeva Furniture purchased dsplay shelving for $8,500 cash, expecting the shelving to remain in service for ive years Daeva depreciated the shalving

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On January 2.2018, Daeva Furniture purchased dsplay shelving for $8,500 cash, expecting the shelving to remain in service for ive years Daeva depreciated the shalving on a double-declining-balance basis, with $1.200 estimated residual value On September 30, 2019, the company sold the shelving for 2 700 cash Read the tesuiement Start by recording depreciation expense on the shelving for 2019. (Recard debits frst. then credits. Exclude explanationms from any jourmal entries) Journal Entry Accoumts Debit Credit Date Sep 30 Show how to comprute the gain or loss on the disposal of the sheving (Use a minus sign or parentheses for a loss Gain (Loss) on sale Now record the sale of the sholving on September 30, 2019 ournal Lntry Date Credit Sep 30 On January 2.2018, Daeva Furniture purchased dsplay shelving for $8,500 cash, expecting the shelving to remain in service for ive years Daeva depreciated the shalving on a double-declining-balance basis, with $1.200 estimated residual value On September 30, 2019, the company sold the shelving for 2 700 cash Read the tesuiement Start by recording depreciation expense on the shelving for 2019. (Recard debits frst. then credits. Exclude explanationms from any jourmal entries) Journal Entry Accoumts Debit Credit Date Sep 30 Show how to comprute the gain or loss on the disposal of the sheving (Use a minus sign or parentheses for a loss Gain (Loss) on sale Now record the sale of the sholving on September 30, 2019 ournal Lntry Date Credit Sep 30

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