rear $7$

January $1$ Paid $$25,015$ cash plus $$1,635$ in sales tax for a new delivery truck estimated to have a five$-$year $11$ ife and a $$2,150$

salvage value. Delivery truck costs are recorded in the Trucks account.

December $31$ Recorded annual straight$-1$ine depreciation on the truck.

Year $2$

December $31$ The truck's estinated useful life was changed fron five to four years, and the estinated salvage value was increased to

$$2,7e0.$ Recorded annual straight$-1$ine depreciation on the truck.

Year $3$

December $31$ Recorded annual straight$-1$ine depreciation on the truck.

Decenber $31$ Sold the truck for $$5,400$ cash.

Required:

$1-$a$.$ Calculate depreclation for Year $2.$

$1-$b$.$ Calculate book value and galn $($loss$)$ for sale of Truck on December $31,$ Year $3.$

$1-$c$.$ Prepare journal entrles to record these transactions and events.

Complete this question by entering your answers in the tabs below.

Prepare journal entries to record these transactions and events.

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$1$ Record the total cost of the new delivery truck.

$2$ Record the year$-$end adjusting entry for the depreciation

expense of the delivery truck.

$3$ Record the year$-$end adjusting entry for the depreciation

expense of the delivery truck.

$4$ Record the year$-$end adjusting entry for the depreciation

expense of the delivery truck.

$5$ Record the sale of the deliverv truck for $$5,400$ cash.