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Year 1 Jan. 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated to have five-year life and a $2,000

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Year 1 Jan. 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated to have five-year life and a $2,000 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 $2,850. Recorded annual straight-line depreciation on the truck, Year 3 Dec. 31 Recorded annual straight-line depreciation on the truck Dec. 31 Sold the truck for $5,400 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 LA Required 15 Required 10 Calculate depreciation for Year 2 $ 22,450 Total cost Less accumulated depreciation (from Year 1) Book value LOSS ovised salvage value Remaining cost to be depreciated

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