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Yoshi Company completed the following transactions and events involving its delivery trucks: Year 1 January 1 paid $20,515 cash plus $1,485 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 $20,515 cash plus $1,485 in sales tax for a new delivery truek estimated to have a five-year 1 ife and a $2,000 salvage value. Delivery truck conts are recorded in the Trucks account. December 31 Recorded annual atraight-1ine depreciation on the truck. Year 2 Decenber 31 The truck's estimated useful life vas changed from five to four years, and the entinated salvage value was increased to $2,400. Recorded annual atralght-1ine depreciation on the truck. Year 3 December 31 kecorded annual straight-1ine 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 depreciation for Year 2

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