On January 2, 2017, Thrifty CLothing Consignments purchased showroom fixtures for $12,000 cash, expecting the fixtures to remain in service for five years.  Thrifty had depreciated the fixtures on a double-declining-balance basis, with zero residual value.  On August 31, 2018, Thrifty sold the fixtures for $6,200 cash.  Record both depreciation expense for 2018 and sale of the fixtures on August 31, 2018 (Record debits first, then credits.  Select the explanation on the last line of the journal entry table.  Note that 2017 depreciation was recorded and posted in 2017.)

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Q: double-declining-balance method of depreciation

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