STOP & APPLY > QUESTION 1: On January 1, 2013, Ditto Company purchased certain furniture for its showroom for $10,000 cash. These assets are expected to remain in service for 5 years. Ditto has depreciated the fixtures on a double-declining balance basis, with zero salvage value. On September 30, 2014, Ditto sold the furniture for $3,200 cash. Required: a) Calculate and journalize depreciation for the year 2013. b) Journalize both depreciation and the sale of furniture on Sept. 30, 2014 (Show your calculations). c) Journalize the sale of the furniture (on Sept. 30, 2014) assuming that Ditto used the straight-line method, starting from the date of purchase (Jan. 1. 2013). Please show the necessary calculations