Save Homework: Chapter F:9 Homework Score: 0.53 of 2 pts of 10 (10 completo) HW Score: 80.37%, 16.07 of 20 pts Question Help % EF9-22 (similar to) On January 2 2023, Again Clothing Consignments purchased showroom fixtures for $10,000 cash, expecting the fortures to remain in service for five years. Again has depreciated the fixtures on a double declining balance basis with zero residual value on August 31, 2024. Aguin sold the futures for $8,200 cash Record both depreciation expense for 2024 and sale of the fixtures on August 31, 2024. Record debits first, the credite Select the explanation on the last line of the journal entry table. Note that 2023 depreciation was recorded and posted in 2023) Debit Credit Begin by recording the depreciation expense for January 1, 2024 through August 31, 2024 Date Accounts and Explanation Depreciation Expense-Fixtures Accumulated Depreciation --Foxtures Aug 31 2,880 2.880 To record depreciation on fixtures Before recording the sale of the fixtures, let's calculate any pain or loss on the sale of the fixtures Market value of assets received Les Book value of asset disposed of Cost Less Accumulated Depreciation Gain or (Loss)