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6 Conned x + meducation.com/ext/map/indexhtml?con-conesderrel browser BlaunchUrl=http:53A%252F%252Fims.meducation.com 252mgmiddleware Maps Zoom Meetings 10 Problems Saved Yoshi Company completed the following transactions and events involving its delivery
6 Conned x + meducation.com/ext/map/indexhtml?con-conesderrel browser BlaunchUrl=http:53A%252F%252Fims.meducation.com 252mgmiddleware Maps Zoom Meetings 10 Problems Saved Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan Paid $20,515 cash plus $1,75 in sales tax for a new delivery truck estimated to have five year life and a $2,000 salvage value. 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 $2,50. Recorded annual straight line depreciation on the truck Year 3 Dec 31 Recorded annual straight line depreciation on the truck Dec. 1 Sold the truck for $5.500 cash Required: 1-6. Calculate depreciation for Year 2 1-5. Calculate book value and gain (foss) for sale of Truck on December 31 Year 3 1-e. Prepare journal entries to record these transactions and events Complete this question by entering your answers in the tabs below. Required LA Required 18 red 10 Record the year-end adjusting entry for the depreciation expense of the delivery truck Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Year 3 Record the year-end adjusting entry for the depreciation expense of the delivery truck Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Year 3
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