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3A%252F%252Fmycourses.j.eduX252Fweb Seved Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $23,515 cash plus $1.635 in sales
3A%252F%252Fmycourses.j.eduX252Fweb Seved Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $23,515 cash plus $1.635 in sales tax for a new delivery truck estimated to have a five-year life and $2,300 salvage valve. Delivery truck costs are recorded in the Trucks 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 salvage value was increased to $2,850. Recorded anal straight-line depreciation on the track. Year 3 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 fold the truck for $5,400 cash. Required: 1-a. Calculate depreciation for Year 2 1-6. Calculate book value and gain loss) 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 IA Required 15 Required 10 Calculate depreciation for Year 2. $ 25.150 4,600 Total cost Loss accumulated depreciation from Year 1) Book Value Les revised salvage value Remaining cost to be depreciated Years of the remaining Total depreciation for Year 2 2.850 Required ta > Prey 1 of 2 Next > MacBook Pro esc G Search or type URL 3A%252F%252Fmycourses.j.eduX252Fweb Seved Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $23,515 cash plus $1.635 in sales tax for a new delivery truck estimated to have a five-year life and $2,300 salvage valve. Delivery truck costs are recorded in the Trucks 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 salvage value was increased to $2,850. Recorded anal straight-line depreciation on the track. Year 3 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 fold the truck for $5,400 cash. Required: 1-a. Calculate depreciation for Year 2 1-6. Calculate book value and gain loss) 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 IA Required 15 Required 10 Calculate depreciation for Year 2. $ 25.150 4,600 Total cost Loss accumulated depreciation from Year 1) Book Value Les revised salvage value Remaining cost to be depreciated Years of the remaining Total depreciation for Year 2 2.850 Required ta > Prey 1 of 2 Next > MacBook Pro esc G Search or type URL
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