On January ​2, 2023​, Thrifty Clothing Consignments purchased showroom fixtures for $11,000 ​cash, expecting the fixtures to remain in service for five years. Thrifty has depreciated the fixtures on a​ double-declining-balance basis, with zero residual value. On October 31, 2024​, Thrifty sold the fixtures for $5,000 cash. Record both depreciation expense for 2024 and sale of the fixtures on October 31​, 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​.)

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Q: Calculate the amount of the loss

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A:

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