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Yoshi Company completed the following transactions and events ifvolving its defiery trucks Year 1 Lalvage valoe. Delivery truck ceats are recersed in the Trucks account.
Yoshi Company completed the following transactions and events ifvolving its defiery trucks Year 1 Lalvage valoe. Delivery truck ceats are recersed in the Trucks account. Decenter 31 zeconsed ansul stralght-1ine depreciation on the trock. Yoar 2 Deceaber 31 The truck's estinated useful 1ife was changed from five to four years, whe the eatimates suivage valio was increased 12, 530. Aeconded ann-al straight-1ine depreclation on the truck. Yoar 3 Decerber 31 kecorded annual straight-1ine depreciation on the truck. Decenber 31 sole the trick for 55 , sos cash. Required: 1-a. 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 joumal entries to record these transactions and events Complete this question by entering your answers in the tabs below Calculate depreciation for Year 2
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