Problem 8-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshl Company completed the following transactions and events involving its delivery trucks. 2017 an. 1 Paid $20,515 cash plus $1,485 in sales tax for a new delivery truek estimated to have a five-year life and a $2,000 salvage value. Delivery truck costs are recorded in the Trucke account. Dec. 31 Recorded annual straight-line depreciation on the truck. 2018 c. 31 Due to new information obtained earlier in the year, the truck'. estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,400. Recorded annual straight-line depreciation on the truck. 019 ec. 31 Recorded annual straight-line depreciation on the truck. ec. 31 sold the truck for $5,300 cash equired: a. Calculate depreciation for year 2018. b. Calculate book value and gain (loss) for sale of Truck on December, 2019. c. Prepare journal entries to record these transactions and events. Comalate the section bantaina orain in the the below Req 1A Print Req 1B Req 1C Calculate book value and gain (loss) for sale of Truck on December, 2019. erences $ 4,030 5,190 5,190 14,410 Depreciation expense (for 2017) Depreciation expense (for 2018) Depreciation expense (for 2019) Accumulated depreciation 12/31/2019 Book value of truck at 12/31/2019 Total cost Accumulated depreciation Book value 12/31/2019 Loss on sale of truck $ 8,040 5,500 8,040 (2,540) $ $