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Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1,2023 . The truck is expected to have a $2,090 residual

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Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1,2023 . The truck is expected to have a $2,090 residual valuet at the end of its 5 -year usetul life. Irons uses the straight-line method of depreclation. Required: Prepare the journal entry to record depreciation expense for 2023 and 2024 , If an amount box does not require an entry, leave it blanik

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