Question: On January 2 , 2 0 1 9 , Nikki Clothing Warehouse purchased showroom fixtures for $ 1 4 , 0 0 0 cash,

On January 2,2019, Nikki Clothing Warehouse purchased showroom fixtures for \$14,000 cash, expecting the fixtures to remain in service for 5 years.
Nikki Clothing Warehouse has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On October 31,2020, Nikki Clothing Warehouse sold the fixtures for \(\$ 5,800\) cash.
Record both depreciation expense for 2020 and sale of the fixtures on October 31,2020.
Double Declining Balance Method:
On January 2 , 2 0 1 9 , Nikki Clothing Warehouse

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