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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $23,515 cash plus $1,785 in sales tax for

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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $23,515 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a $2,450 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. December 31 The tluck's estimated useful life was changed from five to four years, and the estinated satvage Year 2 value was increased to $2,550. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,500 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 journal entries to record these transactions and events. Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December 31 , Year 3. Journal entry worksneet 2 3 4 (5) Record the total cost of the new delivery truck. Note: Enter debits before credits. Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet 1 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet Record the sale of the delivery truck for $5,500 cash. Note: Enter debits before credits

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