Straight-line depreciation irons delivery inc. purchased a new delivery truck for $42,000 on january 1, 2019. the truck is expected to have a $1,990 residual value at the end of its 5-year useful life. irons uses the straight-line method of depreciation. required: prepare the journal entry to record depreciation expense for 2019 and 2020.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?