Installed new light fixtures and display cases in the leased store. CWB paid $1,800 for the fixtures, $230 for shipping to the store, and $800 to an…. Installed new light fixtures and display cases in the leased store.ÿCWB paid $1,800 for the fixtures, $230 for shipping to the store, and $800 to an electrician to install. The landlord gave CWB permission to remove and dispose of the old fixtures.ÿCWB sold the old fixtures for $110.ÿCWB anticipates being in the store for at least 3 years.ÿCWB cannot take the light fixtures with them if they relocate as they will revert to the lessor. ÿCWB can take the display cases, which cost $6,400, if they move. ÿBoth the display cases and light-fixtures have a six-year useful life.how to do the journal entry of this one?
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Installed new light fixtures and display cases in the leased store. CWB paid $1,800 for the fixtures, $230 for shipping to the store, and $800 to an…
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