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QUESTION
On on January 2nd 2015 Dido purchased showroom fixtures for $12,000 cash expecting the fixtures to remain in service for five years Dido has
On on January 2nd 2015 Dido purchased showroom fixtures for $12,000 cash expecting the fixtures to remain in service for five years Dido has depreciated the fixtures on a double declining balance basis with zero residual value on October 31st 2016 ditto sold the fixtures for $5,900 Cash record both depreciation expense for 2016 and sale of the fixtures on October 31st 2016
