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Declining Balance Depreciation Irons Delivery Inc. purchased a new delivery truck for $ 4 2 , 1 0 0 on January 1 , 2 0
Declining Balance Depreciation
Irons Delivery Inc. purchased a new delivery truck for $ on January The truck is expected to have a $ residual value at the end of its year useful life. Irons uses the doubledecliningbalance method of depreciation.
Required:
Prepare the journal entry to record depreciation expense for and If an amount box does not require an entry, leave it blank.
Dec. Depreciation Expense
Accumulated Depreciation
Dec. Depreciation Expense
Accumulated Depreciation
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