-1 1 Paid $22,015 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-year life and a $2,450 salvage value. Delivery truck costs are recorded in the Trucks account. 31 Recorded annual straight-line depreciation on the truck. -2 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,850. Recorded annual straight-line depreciation on the truck. -3 31 Recorded annual straight-line depreciation on the truck. 31 Sold the truck for $5,400 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.