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6 Yoshi Company completed the following transactions and events involving its delivery trucks. 2016 Jan. Paid $22,015 cash plus $1,785 in sales tax for a
6 Yoshi Company completed the following transactions and events involving its delivery trucks. 2016 Jan. Paid $22,015 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a Dec. 31 Recorded annual straight-line depreciation on the truck 2017 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to $2,300 salvage value. Delivery truck costs are recorded in the Trucks account 1.81 points four years, and the estimated salvage value was increased to $2,550. Recorded annual straight-line depreciation on the truck. eBook 2018 Dec. 31 Recorded annual straight-line depreciation on the truck Dec. 31 Sold the truck for $5,500 cash. Print Required 1-a. Calculate depreciation for year 2017 References1-b. Calculate book value and gain (loss) for sale of Truck on December, 2018 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 1B Required 1C Calculate book value and gain (loss) for sale of Truck on December, 2018 Depreciation expense (for 2016) Depreciation expense (for 2017) Depreciation expense (for 2018) Accumulated depreciation 12131/2018 Book value of truck at 12/31/2018 Total cost Accumulated depreciation Book value 12/31/2018 4,300 5,650 9,950
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