Units-of-Production Depreciation} Refer to the information in Exercise 7-19. Irons uses the units-of-production method of depreciation. Irons

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Units-of-Production Depreciation}

Refer to the information in Exercise 7-19. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 160,000 kilometres. The actual kilometres driven in 2018 and 2019 were 40,000 and 36,000 , respectively.

\section*{Required:}

Prepare the journal entry to record depreciation expense for 2018 and 2019.

\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

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2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:03 AM

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Units-of-Production Depreciation} Refer to the information in Exercise 7-19. Irons uses the units-of-production method of depreciation. Irons

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Cornerstones Of Financial Accounting

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