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On Jarvuary 2, 2022 Pet Oasis purchased fixtures for $20,200 cash, expecting the fixtures to remain in service for eight years. Pet Oasis has depreciated
On Jarvuary 2, 2022 Pet Oasis purchased fixtures for $20,200 cash, expecting the fixtures to remain in service for eight years. Pet Oasis has depreciated the Totures on a straight-line basis with $1,000 residual value. On June 30, 2024 Pet Oasis sold the fixtures for $10,200 cash Record both depreciation expense for 2024 and sale of the fixtures on June 30, 2024. (Assume the modified half-month convention is used Record debits first, then credits. Select the explanation on the last line of the journal entry table. Begin by recording the depreciation expense as of Jun 30, 2024 Date Accounts and Explanation Debit Credit al Jun 30 Dul Last Cu A Thul
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