Declining Balance Depreciation Irons Delivery Inc. purchased a new delivery truck for $40,600 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the double-declining-balance method of depreciation. Required: Prepare the journal entry to record depreciation expense for 2019 and 2020.

A. Depreciation expense $16240

Cr Accumulated depreciation $16240

B. Dr Depreciation expense $9744

Cr Accumulated depreciation $9744

Explanation:

A. Preparation of the journal entry to record depreciation expense for 2019 and 2020.

Dr Depreciation expense $16240

Cr Accumulated depreciation $16240

(Record double-declining-balance depreciation expense)

Depreciation expense for 2019= $40,600 × (1/5 × 2)

Depreciation expense for 2019= $16240

B. Preparation of the journal entry to record depreciation expense for 2020

Dr Depreciation expense $9744

Cr Accumulated depreciation $9744

[($40,600 –$16,240) × (1/5 × 2) = 9744]

(Record double-declining-balance depreciation expense)Depreciation expense for 2020

answer: yo mama

explanation: yo mama

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.