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0 Saved Company completed the following transactions and events involving its delivery trucks. ary 1 Paid $20,515 cash plus $1,635 in sales tax for
0 Saved Company completed the following transactions and events involving its delivery trucks. ary 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated t and a $2,300 salvage value. Delivery truck costs are recorded in the Trucks acc Der 31 Recorded annual straight-line depreciation on the truck. 2 ber 31 The truck's estimated useful life was changed from five to four years, and the e was increased to $2,700. Recorded annual straight-line depreciation on the truck 3 mber 31 Recorded annual straight-line depreciation on the truck. mber 31 Sold the truck for $5,600 cash. uired: Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. Prepare journal entries to record these transactions and events. Complete this question by entering your answers In the tabs below. < Prev 5 of 20 Next > @
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