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Yoshi Company completed the following transactions and events involving its delivery trucks. 2012 Jan. 1 Paid $23,515 cash plus $1,635 in sales tax for a
Yoshi Company completed the following transactions and events involving its delivery trucks.
| 2012 | ||
| Jan. | 1 | Paid $23,515 cash plus $1,635 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. |
| Dec. | 31 | Recorded annual straight-line depreciation on the truck. |
| 2013 | ||
| Dec. | 31 | Due to new information obtained earlier in the year, the truck |
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