Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $22,015 cash plus 51,935 in sales tax for a new delivery truck estimated to have a five-year lit $2,150 salvage value. Delivery truck costs are recorded in the Truck 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 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 $5.500 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. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Calculate depreciation for Year 2. Total cost Loss accumulated depreciation from Year 1) Bock value Less revised salvace value 19.590 MacBook Air aweru 3. NPV/RR, Ch.8) 150 pts. Due: Oct... 6 Help Save 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. Complete this question by entering your answers in the tabs below. Required LA Required 18 Required IC Calculate depreciation for Year 2 Total cost Less accumulated depreciation from Year 1) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for Year 2 Required 18 > MacBook Air 2 w so 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Required 1A Required B Required 10 Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. Depreciation expense for Year 1) Depreciation expense (for Year 2) Depreciation expense (for Year 3) Accumulated depreciation 12/31 Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value 12/31 Year 3 Required 1A Required 10 > MacBook Air 00 alwERT IL Complete this question by entering your answers in the tabs below. Required 1A Required 10 Required 1C Prepare journal entries to record these transactions and events. View transactionist Journal entry worksheet Record the total cost of the new delivery truck. Note: Enter debitore credits General Journal Debit Credit Jan 01. Yeart MacBook Air | TI transaction list Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck Note: Enter debits before credits General Journal Debit Credit Date Dec 31, Year 1 MacBook Air W Required 1A Required 1B Required 1C Prepare journal entries to record these transactions and events. View transaction list Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck Note: Enter debits before credits General Journal Debit Credit Date Dec 31, Year 2 MacBook Air W 3wER TU IDF G Prepare journal entries to record these transactions and events. View transaction list Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits General Journal Debit Credit Dec 31, Years MacBook Air 2 WERTYUI View transaction list Journal entry worksheet Record the sale of the delivery truck for $5,500 cash. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, Year 3 MacBook Air UX W ST N
