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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $23,515 cash plus $1,635 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 $23,515 cash plus $1,635 in sales tax for a nes delivery truck estimated to have a five-year lifo and 52,150 salvage value. Delivery truck costs are recorded in the Trueks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 Decenber 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to 52,700 . Recorded annual straight-line depreciation on the truck. Year 3 Decenber 31 Recarded annual straight-1ine depreciation on the truck. December 31 sold the truck for $5,300 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. Calculate book value and gain (loss) for sale of Truck on December 31 , Year 3. Journal entry worksheet 45 Record the total cost of the new 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 1 5 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Notel Finter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Journal entry worksheet Record the sale of the delivery truck for $5,300 cash. Note: tnter debals before credits

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