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please help all parts (4) On January 2, 2021, Vincent Fumiture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for
please help all parts (4) On January 2, 2021, Vincent Fumiture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Vincent depreciated the shelving on a double-declining-belance besis, wth $1,600 estimated residual value. On August 31,2022 , the company sold the shelving for $2,600 cash. Read the requirement. Start by recording depreciation expense on the sheiving for 2022. (Record enbits fint, then credits. Exclude explanafions from any journal entries.) acording depreciation expense on the shelving for 2022. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 1. Record both the depreciation expense on the shelving for 2022 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving. On January 2, 2021, Vincent Fumiture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Vincent depreciated the shelving on a double-declining-belance besis, wth $1,600 estimated residual value. On August 31,2022 , the company sold the shelving for $2,600 cash. Read the requirement. Start by recording depreciation expense on the sheiving for 2022. (Record enbits fint, then credits. Exclude explanafions from any journal entries.) acording depreciation expense on the shelving for 2022. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 1. Record both the depreciation expense on the shelving for 2022 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving
please help all parts (4)
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