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Problem 10-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks

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Problem 10-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks 2016 Jan. 1 Paid $22,015 cash plus 1,635 inales tax for a new delivery truck estimated to have a five-year life and a Dec. 31 Recorded annual straight-line depreciation on the truck. 2017 Dec. 31 Due to nev information obtained earlier in the year, the truck'a estimated useful life was changed from five to nts 2,300 salvage value. Delivery truck conta are recorded in the Trucks account eBook four years, and the estinated nalvage value vas inereased to $2,550. Recorded annual straight-line deprecjation on the truck Print 2018 Dec. 31 Recorded annual straight-1ine depreciation on the truek Dec. 31 Sold the truck for $5,500 cash References Dec 31 Required: 1-a. Calculate depreciation for year 2017 1-b. Calculate book value and gain (oss) 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

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