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Answer all parts Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 paid $23,515 camh plus $1,785 in

Answer all parts
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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 paid $23,515 camh plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a $2,300 salvage value. Dellvery truck costs are recorded in the rrueka account. December 31 hecorded annual mtraight-1ine depreciation on the truek. Year 2 Decenber 31 The truck's estimated uneful 1 ffe was ehanged from five to four yeara, and the estimated salvage value was lnereased to 52,700 . Recorded annual stralght-1ine depreeiation on the truck. Year 3 December 31 Recorded annual wtraight-1ine depreciation on the truck. December 31 sold the truck for $5,400 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

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