On january 2 2014 sweet pet purchased fixtures for 52200, Ask an Expert

Accounting

On January ?2, 2014?, Sweet Pet purchased fixtures for $52,200 ?cash, expecting the fixtures to remain in service for six years Sweet Pet has depreciated the fixtures on a? straight-line basis, with $9,000 residual value. On July 31?, 2016?, Sweet Pet sold the fixtures for $30,600 cash. Record both depreciation expense for 2016 and sale of the fixtures on July 31?, 2016

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91958266

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