Problem 8-2A (Algo) Depreciation methods LO P1 Yoshi Company completed the following transactions and events involving its delivery trucks Year 1 Jan. 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-your 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 truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight line depreciation on the truck. Year 3 Dec. 1 Recorded annual straight line depreciation on the truck Dec.31 Sold the truck for $3,600 cash Required: 1-0. Calculate depreciation for Year 2 1-b. Calculate book value and gain (loss) 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 15 Required 10 Calculate depreciation for Year 2 Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) 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 18 Required 10 Calculate depreciation for Year 2. S 22.150 4,000 17.720 Total cost Less accumulated depreciation (from Year 1) Book value Loss revised salvage value Remaining cost to be depreciated Years of life remaining Total dopreciation for Year 2 0 Required 1A Required 18 ) Required: 1-0. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) 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 18 Required 10 Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 0 Depreciation expense (for Year 1) Depreciation expense (for Year 2) Depreciation expense (for Year 3) Accumulated dopreciation 12/31/Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value 12/31/Year 3 Required 1A Required 18 Required 10 Prepare journal entries to record these transactions and events. View transaction list View journal entry worksheet NO General Journal Date Jan 01, Year 1 Debit Credit 1 Trucks Cash N 2 N Dec 31, Year 1 Depreciation expense-Trucks Accumulated depreciation-Trucks 3 3 Dec 31 Year 2 Depreciation expense Trucks Accumulated depreciation-Trucks 4 Dec 31 Year 3 Depreciation expense Trucks Accumulated depreciation Trucks 5 Dec 31, Year 3 Cash Accumulated depreciation Trucks Loss on disposal of trucks Trucks