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Sorry if it's a little blurry. Thanks for the help! Assume that on January 2, 2016, Hardy Furniture purchased fixtures for $8,100 cash, expecting the

Sorry if it's a little blurry. Thanks for the help! image text in transcribed
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Assume that on January 2, 2016, Hardy Furniture purchased fixtures for $8,100 cash, expecting the fixtures to remain in service for five years Hardy has depreciated the fixtures ona double-declining-balance basis, with $1,500 estimated residual value. On October 31, 2017, Hardy sold the foxtures for $2,700 cash 1. Record both the depreciation expense on the fixtures for 2017 and the sale of the fixtures Apart from your journal entry, also show how to compute the gain or loss on Hardy's disposal Start by recording depreciation expense on the fixtures for 2017 (Record debits first, then credits Exclude explanations from any journal entries) these fixtures Journal Entry Date Accounts Debit Oct 31 Before we record the sale of the foxtures, let's compute the gain or loss on the disposal of the fixtures Begin by determining the formula needed the amount. (Use a minus sign or parentheses for a loss.) Choose from any list or enter any number in the inout fields and then continue to the next

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