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Units-of:Production Depreciation. Irons Delivery Inc- purchased a new delivery truck for $42,000 on lanuary 1,2023 , The truck is expected to have a $2,000 residual

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Units-of:Production Depreciation. Irons Delivery Inc- purchased a new delivery truck for $42,000 on lanuary 1,2023 , The truck is expected to have a $2,000 residual value at the end of its 5 -year useful Ife. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 150,000 miles. The actual miles diven in 2023 and 2024 were 41,000 and 36,000 , respectively. Required: Prepsre the journal entry to record depreciation expense for 2023 and 2024 . If an amount box does not require an entry, leave it blank, Do not round intermediate calculations, Round your answers to the nearest dollar

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