Problem 8-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Jan. Yoshl Company completed the following transactions and events involving its delivery trucks. 2017 1 Paid $20,515 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year life and a $2,000 salvage value. Delivery truck costs are recorded in the Trueka account. Dec. 31 Recorded annual straight-line depreciation on the truck. 2018 ec. 31 Due to new information obtained earlier in the year, the truck's 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. 2019 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. Comolote this action hu entorin vorneware in the tahe heln Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C + Calculate depreciation for year 2018. 1 nces Total cost $ Less accumulated depreciation (from 2017) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for 2018 22,450 (4,030) 18,420 2,850 15,570 5,190 Req 1B >