Yoshi Company completed the following transactions and events involving its delivery trucks. 2016 Jan. 1 Paid $22,015 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-year life and a $2,300 salvage Dec. 31 Recorded annual straight-line depreciation on the truck 2017 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, value. Delivery truck costs are recorded in the Trucks account and the estimated salvage value was increased to $2,550. Recorded annual straight-line depreciation on the truck. 2018 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 Sold the truck for $5,400 cash. Required 1-a. Calculate depreciation for year 2017 1-b. Calculate book value and gain (loss) for sale of Truck on December, 2018 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 2017 Total cost Less accumulated depreciation (from 2016) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for 2017 Required 1A Required 1B Complete this question by entering your answers in the tabs below Required 1ARequired 1B Required 1C Calculate book value and gain (loss) for sale of Truck on December, 2018 epreciation expense (for 2016) Depreciation expense (for 2017) Depreciation expense (for 2018) Accumulated depreciation 12/31/2018 Book value of truck at 12/31/2018 Total cost Accumulated depreciation Book value 12/31/2018 KRequired 1A Required 1C Journal entry worksheet 4 Record the total cost of the new delivery truck. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2016 Clear entry Record entry View general journal Journal entry worksheet 4 delivery truck. Note: Enter debits before credits. Debit Date General Journal Credit Dec 31, 2016 Record entry Clear entry View general journal Journal entry worksheet 4 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2017 View general journal Record entry Clear entry Journal entry worksheet 2 4 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal Journal entry worksheet 4 Record the sale of the delivery truck for $5,400 cash Note: Enter debits before credits. Credit Date General Journal Debit Dec 31, 2018 Record entry Clear entry View general journal
