ivethes of eepredstion in vaso. Vhat 1 March 7. Paid garage steo for changing the oll, replacing the oil fiter, and tuning the engine on the deivery truck. Vear 2 Januory 9. Purchased a new truck tor $55,860, paying cash. February 26. Paid garege $410 to fune the engine and make other minor repairs on the used truck. Apeil 30. Sold the used truck for \$33,600, (Fecord depreciabion to date in Year 2 for the truck.) Vear 3 September 1 . Purchased a new truck for $90,000, paying cash. September 4, Sold the truck purchased Jaruary 9, Year 2, for $3,000. (hecord deprecation to date for Yeer 3 for the truck-1 Required: Year 1 , January 8 March 7 December 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 10,800 48,600 Cash 48,600 48,600 Truck Repair and Maintenance Expense v 160 160 Cash 10,800 Year 2, January 9 CashDeliveryTruck 55,860 55,860 February 28 Truck Repair and Maintenance Expense April 30 Depreciation Cash 410 \begin{tabular}{l} Depreciation Expense-Delivery Truck \\ Accumulated Depreciation-Delivery Truck r2,800r \\ \hline \end{tabular} April 30 Sale Accumulated Depreciation-Delivery Truck v 11,500 x0 cash 33,600 v \begin{tabular}{|c|c|c|c|c|} \hline April 30 Sale & Accumulated Depreciation-Dellvery Truck & 11,500 & & 0 \\ \hline & Cash v & 33,600 & & 0 \\ \hline & Loss on Sale of Delivery Truck & 9,552 & x & 0 \\ \hline & Delivery Truck & 0 & & 48,600 \\ \hline ecember 31 & Depreciation Expense-Delivery Truck & 15,960 & & 0 \\ \hline & Accumulated Depreciation-Delivery Truck & 0 & & 15,960 \\ \hline Year 3, September 1 & Delivery Truck & 90,000 & & \\ \hline & cosh= & & & 90,000 \\ \hline ptember 4De & Depreciation Expense-Delivery Truck & 7,600 & & 0 \\ \hline & Accumulated Depreciation-Delivery Truck & 0 & & 7,600 \\ \hline September 4 Sale & Cash & 34,000 & & 0 \\ \hline & Accumulated-Depreciation-Delivery Truck & 5,600 & x & 0 \\ \hline & Dellvery Truck & 0 & & 55,860 \\ \hline & Gain on Sale of Delivery Truck & 0 & & 1,789 \\ \hline \end{tabular} 4 ivethes of eepredstion in vaso. Vhat 1 March 7. Paid garage steo for changing the oll, replacing the oil fiter, and tuning the engine on the deivery truck. Vear 2 Januory 9. Purchased a new truck tor $55,860, paying cash. February 26. Paid garege $410 to fune the engine and make other minor repairs on the used truck. Apeil 30. Sold the used truck for \$33,600, (Fecord depreciabion to date in Year 2 for the truck.) Vear 3 September 1 . Purchased a new truck for $90,000, paying cash. September 4, Sold the truck purchased Jaruary 9, Year 2, for $3,000. (hecord deprecation to date for Yeer 3 for the truck-1 Required: Year 1 , January 8 March 7 December 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 10,800 48,600 Cash 48,600 48,600 Truck Repair and Maintenance Expense v 160 160 Cash 10,800 Year 2, January 9 CashDeliveryTruck 55,860 55,860 February 28 Truck Repair and Maintenance Expense April 30 Depreciation Cash 410 \begin{tabular}{l} Depreciation Expense-Delivery Truck \\ Accumulated Depreciation-Delivery Truck r2,800r \\ \hline \end{tabular} April 30 Sale Accumulated Depreciation-Delivery Truck v 11,500 x0 cash 33,600 v \begin{tabular}{|c|c|c|c|c|} \hline April 30 Sale & Accumulated Depreciation-Dellvery Truck & 11,500 & & 0 \\ \hline & Cash v & 33,600 & & 0 \\ \hline & Loss on Sale of Delivery Truck & 9,552 & x & 0 \\ \hline & Delivery Truck & 0 & & 48,600 \\ \hline ecember 31 & Depreciation Expense-Delivery Truck & 15,960 & & 0 \\ \hline & Accumulated Depreciation-Delivery Truck & 0 & & 15,960 \\ \hline Year 3, September 1 & Delivery Truck & 90,000 & & \\ \hline & cosh= & & & 90,000 \\ \hline ptember 4De & Depreciation Expense-Delivery Truck & 7,600 & & 0 \\ \hline & Accumulated Depreciation-Delivery Truck & 0 & & 7,600 \\ \hline September 4 Sale & Cash & 34,000 & & 0 \\ \hline & Accumulated-Depreciation-Delivery Truck & 5,600 & x & 0 \\ \hline & Dellvery Truck & 0 & & 55,860 \\ \hline & Gain on Sale of Delivery Truck & 0 & & 1,789 \\ \hline \end{tabular} 4
