Question: I dont know how. to prepare the journal Help Chrome File Eant 10 Mail X G My ( X 5 Your X My X Cen

I dont know how. to prepare the journal

Help Chrome File Eant 10 Mail X G My ( X 5 Your X My X Cen X Grac X + (50) X C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.... M Chapter 7 Homework Cornerstone Exercise 7-21 (Algorithmic) Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 150,000 miles. The actual miles driven in 2019 and 2020 were 39,000 and 36,000, respectively. Required: Prepare the journal entry to record depreciation expense for 2019 and 2020. Round your answers to the nearest dollar. Do not round intermediate calculations. 2019 Dec. 31 (Record units-of-production depreciation expense) 2020 Dec. 31 (Record units-of-production depreciation expense) Check My Work 3 more Check My Work uses remaining. Previous Next Assignment Score: 82.05% Email Instructor Save and Exit Submit Assignment for Grading 7 197 esc
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