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Straight-Line Depreciation Irons Delivery Inci purchased a new delivery truck for $42,000 on January 1,2023 . The truck is expected to have a $2,050 residual

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Straight-Line Depreciation Irons Delivery Inci purchased a new delivery truck for $42,000 on January 1,2023 . The truck is expected to have a $2,050 residual value at the end of its 5 . year useful life. Trons uses the straight-line method of depreciation. Required: Prepare the journal entry to record depreciation expense for 2023 ard 2024 , If an amount box does not require an entry, leave it biank

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