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Yoshi Company completed the following transactions and events involving its dellvery trucks. Year 1 January 1 paid $20,515 cash plus $1,785 in sales tax for

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Yoshi Company completed the following transactions and events involving its dellvery trucks. Year 1 January 1 paid $20,515 cash plus $1,785 in sales tax for a new delivery truck estinated to have a five-year lifo and $2,150 balvage value. Delivery truck costs are recorded in the Trueks account. December 31 Recorded annual straight-1ine depreciation on the truck. Year 2 Decenber 31 The truck's estimated useful life was changed from five to four yearn, and the estimated salvage value was inereased to $2,850. Recorded annual straight-1ine dopreciation on the truck. Year 3 December 31 Recorded annual Btraight-1ine depreciation on the truck. December 31 sold the truck for $5,400 caah. 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 theGe transactions and events. Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December Journal entry worksheet 5 Record the total cost of the new 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 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 $5,400 cash. Note: Enter debits before credits

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