1A

1B

Problem 10-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 paid $22,015 cash plun $1,625 in sales tax for a new delivery truck estimated to have a five-your life and a $2,000 salvage value. Delivery truck conts are recorded in the Trueka account. Dec. 31 Recorded annual straight-line depreciation on the truck. Year 2 Dec. 31 The truck's estimated useful life was changed from five to four years, and the estimated Balvage value was Increased to $2.850. Recorded annual straight-line depreciation on the truck. Year 3 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 sold the truck for $5,500 cash Required: 1-a. Calculate depreciation for Year 2 1-b. Calculate book value and gain (los) for sale of Truck on December 31, Year 3. 1-c. Prepare journal entries to record these transactions and events Complete this question by entering your answers in the tabs below. Required 1A Required 10 Required 10 Calculate depreciation for Year 2 Total cost Less accumulated depreciation (from Year 1)