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Assistance needed please Declining Balance Depreciation Irons Delivery Inc. purchased a new delivery truck for $45,000 on January 1, 2013. The truck is expected to

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Declining Balance Depreciation Irons Delivery Inc. purchased a new delivery truck for $45,000 on January 1, 2013. The truck is expected to have a $3,000 residual value at the end of its 5-year useful life Irons uses the double-declining-balance method of depreciation. Required: Hide Prepare the journal entry to record depreciation expense for 2013 and 2014 2013 Dec. 31 Record double-declining-balance depreciation expense) 2014 Dec. 31 (Record double-declining-balance depreciation expense]

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