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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $25,015 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 $25,015 cash plus $1,785 in sales tax for a new delivery truck estinated to have a five-year life and a $2,150 satvage value. Delivery truck costs are recorded in the Trucks account. Decenber 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estimated satvage value was increased to $2,850. Recorded annuat straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-1ine depreciation on the truck. Deceaber 31 Sold the truck for 55,300 cash. Required: 1-a. Calculate depreciation for Year 2 1-b. Cakulate book value and gain (loss) for sale of Truck on December 31, Year 3. 1.c. Prepare journal entries to record these transoctions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. Yoshi Company completed the following transactions and events involving its dellvery trucks. Year 1 January 1 Paid $25,015 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a $2,150 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estinated salvage value was increased to $2,850. Recorded annual straight-line depreciation on the truck. Year 3 Decenber 31 Recorded annual straight-line depreciation on the truck. Decenber 31 Sold the truck for $5,300 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. Calculate book value and oein (loss) for sale of Truck on December 31, Year 3. Year 3 December 31 Recorded annusal-straight-line depreciation on the truck. Decenther 31 Sold the truck for $5,300 cash. Required: 1-a. Calcuiate 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. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the total cost of the new delivery truck. Note: Encer debits before credith. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 sold the truck for $5,300 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. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. . Note: Enter debits before credits. ecember 31 Recorded annual straight-line depreciation on the truck. ecember 31 Sold the truck for $5,300 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. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. . Note: Enter debits before credits. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,300 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. Prepare journal entries to record these transactions and events. Journal entry worksheet 5 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,300 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. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the sale of the delivery truck for $5,300 cash. Note: Enter debits before credits

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