Yoshi Company completed the following transactions and events involving its delivery trucks.

Year $1$

January $1$ Paid $$25,015$ cash plus $$1,485$ 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$$s estimated useful life was changed from five to four years, and the estimated salvage value was increased to $$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 $$5,500$ 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.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 $2.$

Total cost$\_\_\_$

Less accumulated depreciation from year $1$

$\_\_$

Book value $\_\_$

Less revise salvage value$\_\_$

Remianing cost to be depreciated

Years of life remaining$\_\_$

Total depreciation for year $2\_\_$

Required $1$B

Depreciation expense year $1$

depreciation expense year $2$

depreciation expense year $3$

accumulated depreciation $12/31/$ year$3$

book value of truck at $12/31/$year$3$

total cost

accumulated depreciation

book value

Required $1$C

$1-$ record the total cost of the new delivery truck

$2-$Record the year$-$end adjusting entry for the depreciation expense of the delivery truck.

$3-$Record the year$-$end adjusting entry for the depreciation expense of the delivery truck. dec year $2$

$4-$Record the year$-$end adjusting entry for the depreciation expense of the delivery truck. dec year $3$

$5-$Record the sale of the delivery truck for $$5,500$ cash.