Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January I Fald 325,015 cash plun $1,935 in salen tax for a new delivery truck eatimated to have a five-year Lifo and a $2,450 aalvage value. Delivery truek conte are recorded in the Trueks account. Decenter 31 - Recorded annual atraight-1ine depreciation on the truek. Year 2 December 31 The truek's estinated useful 11te was ohanged from five to four yeara, and the estimated anlvage value was increased to 52,550 . Hecorded annual straight-1ine depreciation on the truek. Year 3 Decenber 31 Mecorded annual atraight-1ine depreciation on the truck. Decenber 31 sold the truck for 55,400 eash. 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. Caiculate depreciation for Year 2 . Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $25,015 cash plus $1,935 in sales tax for a new delivery truck estimated to have a five-year lifo and a $2,450 salvage value. Delivery track costs are recorded in the Trucks accoant. Decomber 31 Recorded annual atraight-1ine depreciation on the truck. Year 2 December 31 The truck' a entimated useful 11fe was changed fron five to four years, and the estimated yalvage value was increased to $2,550. Recorded annual straight-1ine depreciation on the truck. Year 3 December 31 Recorded annual atraight-1ine 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 book value and gain (loss) for sale of Truck on December 31, Year 3. Yoshi Company completed the following transactions and events involving its delivery trucks. Yoar 1 January 1 Pald 525,015 cash plan 51,935 in salen tax for a nev delivery truck entinoted to have a five-year 11 fe and a 52,450 enlvage value. Delivery truek conti are recorded in the trocike accoant. Decomber 31 Rocorded annual itraight-1ine depreciation on the truck. Year 2 December 31 The truck' a eatimated usefal 11te was ehanged froa five to four yeara, and the esti=ated anlvage value van inereased to 52,550 . Recorded anneal itraight-1ine depreciation on the cruck. Year 3 Decenber 31 Recorded annual atraight-1ine depreciation on the truck. Decenber 31 Sold the truek for $5,400 caah. 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 5 Record the total cost of the new delivery truck. Note: Enter dabits before creola
