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8 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $22,015 cash plus $1,785 in sales tax

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8 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $22,015 cash plus $1,785 in sales tax for a new delivery truek estimated to have a five-year life and a $2.150 salvage value. Delivery truck costs are recorded in the Trucks account. Dec. 31 Recorded annual straight-line depreciation on the truck. 7:14 points cock Year 2 Dec. 31 The trucks estimated useful life was changed from tive to tour years, and the estimated salvage 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 told the truck for $8.500 cash. Required: 1-a. Calculate depreciation for Year 2 1-5. 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 1A Required 18 Required IC Calculate depreciation for Year 2 Totalco Les sccumulated depreciation from Year 1) 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. eBook Print Required 1A Required 1B Required 10 eferences Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. Depreciation expense (for Year 1) Depreciation expense (for Year 2) Depreciation expense (for Year 3) Accumulated depreciation 12/31/Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value 12/31/Year 3

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