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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $ 2 5 , 0 1 5 cash

Yoshi Company completed the following transactions and events involving its delivery trucks.
Year 1
January 1 Paid $25,015 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a $2,150 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 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 $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.
Required 1A
Calculate depreciation for Year 2.
\table[[Total cost,],[Less accumulated depreciation (from Year 1),],[Book value,],[Less revised salvage value,],[Remaining cost to be depreciated,],[Years of life remaining,],[Total depreciation for Year 2,0.]]
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