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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 truck estimated to have a five-year 1 ife and a $2,000 salvage value. Delivery truck costs are recorded in the rrucks account. December 31 Recorded annuel atraight-line depreciation on the truck. Year 2 Decumber 31 The truck' ellimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,400. Recorded annual straight-line depreolation on the truck. Year 3 December 31 Rocorded annual straight-1ine 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. Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. Prepare journal entries to record these transactions and events. Journal entry worksheet 5 Record the total cost of the new delivery truck. Note: Enter debits before credits

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