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please be specific on where the numbers should be and show steps! Yoshl Company completed the following transactions and events Involving Its delivery trucks. 2016
please be specific on where the numbers should be and show steps!
Yoshl Company completed the following transactions and events Involving Its delivery trucks. 2016 an. 1 Paid $20,515 cash plus $1,935 in sales tax for a new delivery truck estimated to have a five-year life and a $2,15e salvage Dec. 31 Recorded annual straight-line depreciation on the truck 2017 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, value. Delivery truck costs are recorded in the Trucks account and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck. 2018 Dec. 31 Recorded annual straight-line depreciation on the truck Dec. 31 Sold the truck for $5,60e cash Requirec 1-a. Calculate depreclation for year 2017 1-b. Calculate book value and galn (loss) for sale of Truck on December, 2018 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 1C Calculate depreciation for year 2017 Total cost Less accumulated depreciation (from 2016) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for 2017 1A Required 1B >Step by Step Solution
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