crai. salvage value. Delivery truck costs are recorded in the Trucks account.

December $31$ Recorded annual straight$-$line depreciation on the truck.

Year $2$ $$2,850.$ Recorded annual straight$-$line depreciation on the truck.

Year $3$

December $31$ Recorded annual straight$-$line depreciation on the truck.

December $31$ 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 $1A$

Required $1$B

Required $1C$

Calculate book value and gain $($loss$)$ for sale of Truck on December $31,$ Year $3.$

$\backslash$table$[[$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,$]]$