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Problem 10-5A Computing end revising depreclation; selling plant assets Lo C2, P1, P2 Yoshi Company compieted the following transactions and events involving its delivery trucks.

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Problem 10-5A Computing end revising depreclation; selling plant assets Lo C2, P1, P2 Yoshi Company compieted the following transactions and events involving its delivery trucks. 2016 Jan. 1 Paid $22,015 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year 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 estinated useful life was changed life and a $2,380 salvage value. Delivery truck costs are recorded in the Trucks account. from five to four years, and the estinated salvage value was increased to $2,850. 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 $5,480 cash. Required: 1-0. Calculate depreciation for year 2017 1-b. Calculate book value and gain (loss) for sale of Truck on December, 2018 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering yoas answers in the tabs below. Required 1A Required 1B Required 1C Requited 1A Required 18 Required 1C Calculate depreciation for year 2017. Total cost Less a Book value Less revised salvage value Remaining oost to be deprediated Years of life remaining Total deprecistion for 2017 depreciation (from 2018) Required 1A Required 18Required 1C Calculate book value and gain (loss) for sale of Truck on December, 2018. Depreciation expense (for 2018) Depreciation expense (for 2017) Depreciation expense (for 2018) Accumulated depreciation 12/31/2018 Book value of truck at 12/31/2018 Total cost Accumulated depreciation Book value 12/31/2018 Required 1A Mc Journal entry worksheet res Record the total cost of the new delivery truck. Note; Enter debits before credits. Date General Journal DebitCredit Jan 01, 2018

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