On January $2,2023,$ Again Clothing Consignments purchased showroom fixtures for $$18,000$ cash, expecting the fixtures to remain in service for five years. Again has depreciated the fix a double$-$declining$-$balance basis, with zero residual value. On September $30,2024,$ Again sold the fixtures for $$8,200$ cash. Record both depreciation expense for $2024$ and sale of the fix $2024.($Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that $2023$ depreciation was recorded and posted in $2023.)$

Begin by recording the depreciation expense for January $1,2024$ through September $30,2024.$

Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures.

Market value of assets received

$$8,200$

Less: Book value of asset disposed of

Cost

Less: Accumulated Depreciation $$

Gain or $($Loss$)$