Check my werk Problem 8-SA (Algo) Computing and revising depreciation: selling plant assets LO C2, P1, P2 Yoshi Comary completed the following transactions and events involving its delivery trucks Yert Jan. 1 Paid $22, ens cash plus 51,635 in sales tax for a new delivery truck estimated to have a five-year lite and 32.150 salvage value, Delivery truck costs are recorded in the Trucs account. Dec. 31 Recorded annual straight-line depreciation on the truck Yea De The truck's stated useful life was changed from five to four years, and the estimated salvage valor was Increased to 12,858. Recorded annual straight-line depreciation on the truck Year Dec. 31 Recorded the straight line depreciation on the truck. Dec. 31 sold the truck for 35,500 cash Required: 1-a. Calculate depreciation for Year 2 1-b. Calculate book value and gain foss) for sale of Truck on December 31 Year 3. 1. Prepare journal entries to record these transactions and events Complete this question by entering your answers in the tabs below. Noured equired in Required 10 Calculate depreciation for Year 2 Las acud depreciation on Year 1) Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Calculate depreron for Year 2. Total Less accumulated depreciation (from Year 1) Book value Less revised salvage value Romaining cost to be depreciated Years of life remaining Total depreciation for Year 2 Required 1B > epare foundientes to record these transactions and events. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C 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 Journal entry worksheet 1 2 3 4 5 Record the total cost of the new delivery truck. Note: Enter debits before credits Dobit General Journal Date Credit Jan 01, Year 1 Contato Sancho Peccanti men ark Saved Het Problem 8-5A (AL) puting and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $22,015 cash plus $1,635 in sales tax for a new delivery truck 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. 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 $2,850. Recorded annual straight-line depreciation on the truck. Year 3 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 Sold the truck for $5,500 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 IA Required 18 Required 1C Prepare journal entries to record these transactions and events. View transaction list his quest Antering your answers in the tabs below. Required 1A Required 1B Required 10 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 2 0 SZERETICENTRES econdinese lansactions and events. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 10 Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 0 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 View all on Journal entry worksheet 1 2 3 4 5 Record the total cost of the new delivery truck. Note: Enter debits before credits. Dato General Journal Debit Credit Jan 01, Year 1 Record entry Clear entry View general journal