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recording partial year depreciation and sale of an asset on January 2,2015,ditto purchased showroom fixtures for 12,000 cash, expecting the fixtures to remain in service
recording partial year depreciation and sale of an asset
on January 2,2015,ditto 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 31,2016,ditto sold the fixtures for 5,900 cash. record both depreciation expense for 2016 and sale of the fixtures on October 31,2016.
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