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Yoshi Company completed the following transactionis and events involving its delivery trucks. Year 1 January i Paid $25,515 cash plus 51, Zas in sales tax

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Yoshi Company completed the following transactionis and events involving its delivery trucks. Year 1 January i Paid \$25,515 cash plus 51, Zas in sales tax for a new delivery truck nstimated to have a five.yean 1ife and a 52, a50 salvage valuef oelivery truck costs are recorded in the trucks account. Decester 31 Recorded annual straieht-line depreciation on the trutk. Year 2 Necenber 31 the truck's estinated useful isfe was changed fran five to four years, and the estinated salvage vative was increased to $2, 700. Hecorded annual straidefte-1ine depreciation on the truck. Year 3 December 31 Hecorded annual straight-1ine depreciation on the truck. Decenber 31 5old the truck for $5,300 cash. Required: 1-o. 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

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