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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $25,615 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 $25,615 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a \$2, 000 salvage value. Delivery truck costs are recorded in the Trucks account. Decenber 31 Recorded annual straight-line depreciation on the truck. Year 2 Decenber 31 The truck's estinated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. 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 $5,400 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 . 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 gain (loss) for sale of Truck on December 31 , Year 3. 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. 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. 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

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