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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $22,015 cash plus $1,485 in sales tax for

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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $22,015 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year 1ife and a $2,300 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-1ine depreciation on the truck. Year 2 December 31 The truok's eatimated useful ilfe was changed from five to four years, and the estimated salvage value was increased to $2,850. Recorded annual straight-1ine depreciation on the truck. Year 3 December 31 Recorded annual straight-1ine depreciation on the truck. December 31 sold the truek for $5,600 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. Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December 31 , Year 3. Journal entry worksheet 5 ivute: cnter dedits Derore credits. Journal entry worksheet 5 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 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Journal entry worksheet Record the sale of the delivery truck for $5,600 cash. Note: Enter debits before credits

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