Refer to the information for Irons Delivery Inc. above. Irons uses the units-of-production method of depreciation. Irons
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Refer to the information for Irons Delivery Inc. above. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 160,000 miles. The actual miles driven in 2019 and 2020 were 40,000 and 36,000, respectively.
Required:
Prepare the journal entry to record depreciation expense for 2019 and 2020?
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