Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-year life and $2,450 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from tive to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-line depreciation on the truck December 31 sold the truck for 55,400 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. Required 1A Required 15 Requited 1 Calculate depreciation for Year 2 5 22 150 Total cont Les accumulated depreciation from Year 1) Book value Les revised salvage value Remaining cost to be depreciated Years of remaining Total depreciation for Year 2 Required 10 > Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-year life and a $2,450 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased $2,700. Recorded annual straight-line depreciation on the truck. Year 3 December Recorded annual straight-line depreciation on the truck. December 31 sold the truck for $5,400 cash. Required: 1-a. Calculate depreciation for Year 2 1-6. 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. Required 1A Required 18 Required 10 Calculate book value and gain (loss) for sale of Truck on December 31, Year 3 Depreciation expenne (for Year 1) Depreciation expense (for Year 2) Depreciation expenne (for Your 3) Accumulated depreciation 12/31 Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value Loss on sale of truck Yosh Company completed the following transactions and events involving its delivery trucks Year 1 January 1 paid $20,515 cash plus 51,635 in sales tax for a new delivery truck estimated to have a five-year 1ife and 52,450 salvage value. Delivery truck costs are recorded in the Teucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated 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 December 31 Recorded annual stralight-line depreciation on the truck. December 31 sold the truck for $5,400 cash Required: 1-6. 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. Required IA Required 10 Required IC Prepare journal entries to record these transactions and events View transaction list Journal entry worksheet 1 2 3 5 > Record the total cost of the new delivery truck Motore
