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5 4.54 points eBook Pri References Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $25,015
5 4.54 points eBook Pri References Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $25,015 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year life and a $2,000 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,550. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2 1-b. 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 14 Required 18 Required 1C Calculate depreciation for Year 2. Total cost Less accumulated depreciation (from Year 1) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for Year 21 Required 18 > LO Yoshi Company completed the following transactions and everm involving to delivery trucks 454 Year January 3 Pale sal s can plan 11, se sales for a delivery truck estinated to have a five year life and $2,000 value, Delivery truck cats are recanted in the tracks account. Year 2 December the truss estimated seful life was changes from five to ree years, at the estimated salvage value was increasel to $2.154. Recorded amal straight-line preciation in the trick Required Calculate depreciation for Year 2 of Truck on December 31, Year 3 14. Prepare journal entries so record these transacticos and events Complete this question by entering your answers in the tabs below Red 18 Calculate book vale and sain Dass) for sale of truck on December 31, Year 3 Acura CA Red C> eBook Pri Prepare journal entries to record these transactions and events. View transaction list Journal entry worksheet eferances < 2 3 41 5 Record the total cost of the new delivery truck. Note Enter debits before credit Date January 01, Year 1 General Journal Debit Credit Record entry Clear entry eBook Pr Prepare journal entries to record these transacdn View transaction list Journal entry worksheet References < 2 3 4 5 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debts before credits. Date December 31, Year 1 Genmal Journal Debit Credit Recordery Clear entry References View transaction list Journal entry worksheet 12 3 4 5 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Date December 31, Year 2 ^ General Journal Debit Credit Record entry Clear entry Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Prepare journal entries to record these transactions and events. View transaction list Journal entry worksheet 2 3 4 5 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note Enter de before credits Date December 31, Year 3 General Joonsal Debir Credit Netsed only Clear entry Complete this question by entering your answers in the tabs below, Required 1A Required 18 Required 1C Prepare journal entries to record these transactions and events. View transaction Journal entry worksheet 2 3 4 5 Record the sale of the delivery truck for $5.300 cash, onter debita before credits Dale December 31. Year 3 General Journal Debit Credit Second entry Charoby
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