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Yoshi Company completed the following transactions and events involving its dellvery trucks. Year 1 January 1 Paid $20,515 cash plus $1,785 in sales tax for

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Yoshi Company completed the following transactions and events involving its dellvery trucks. Year 1 January 1 Paid $20,515 cash plus $1,785 in sales tax for a new delivery truck estinated to have a five-year 1 ife and a $2,150. salvage value. Delivery truck costs are recorded in the Trucks account. Decenber 31 lleconded annual straight-line depreciation on the truck. Year 2 Decenber 31 The truck's estimated useful life was chanded from five to four years, and the estimated salvage yalue was inereased to $2,350. Recorded annual straight-1 ine depreciation on the truck. Year 3 Decesber 31 Recorded annual strafatht-1Ine depreciation on the truek. Decesber 31 Sold the truck for \$5, 500 cash. Required: 1-a. Caiculate depreciation for Year? 1-b. Calculate book value and gain (loss) for sale of Iruck on December 31. Year 3. 1-e. Prepare journal entiles to record these transactlons 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 joumal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. 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. 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 dellvery truck. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the deprechtion expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet

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