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first picture is all i formation given Yoshi Company completed the following transactions and events involving its delivery trucks Year 1 Jan. I paid $25,015
first picture is all i formation given
Yoshi Company completed the following transactions and events involving its delivery trucks Year 1 Jan. I paid $25,015 cash plus $1.635 in sales tax for a new delivery truck estimated to have a five-year life and $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 trucks estimated useful life was changed from five to four years and the estimated salvage value was increased to $2,550. 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 $5,400 cash Required: 1-a. Calculate depreciation for Year 2 1-b. Calculate book value and gain (oss) 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 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 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 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 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits General Journal Date Dec 31, Year 1 Debit Credit Record entry Clear entry View general Journal Prey 1 of 4 !!! . Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits, General Journal Debit Credit Date Dec 31, Year 2 Record entry Clear entry View general journal Journal entry worksheet Record the sale of the delivery truck for $5,400 cash. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Year 3 Record entry Clear entry View general journal
first picture is all i formation given
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