Irons Delivery Inc. purchased a new delivery truck for $$40,500$ on January $1,2023.$ The truck is expected to have a $$2,000$ residual value at the end of its $5-$year useful life. Irons uses the doubledeclining$-$balance method of depreciation.

Required:

Prepare the journal entry to record depreciation expense for $2023$ and $2024.$ If an amount box does not require an entry, leave it blank.

$2023$ Dec. $31$

$$

$$

$2024$ Dec. $31$