Yoshi Company completed the following transactions and events involving its dellvery trucks 9 Year 1 January 1 Raid $22.015 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. December 31 Recorded mual straight-line depreciation on the truck, Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,788. Recorded annual straight-line depreciation on the truck. Year 3 Decenber 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,500 cash. Required: 1-a. Calculate depreciation for Year 2 1-5. Calculate book value and gain foss) for sale of Truck on December 31, Year 3. k. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Calculate depreciation for Year 2. Total cost Les accumulated depreciation from Year 1) Book value Les revised aga valu Remaining cost to be depreciated Year of the mining Total depreciation for Year 2 Required 10 > 9 Yosh Company completed the following transactions and events involving its delivery trucks Year 1 January 1 Paid $22,015 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-year Life December 31 Recorded amunt straight-line depreciation on the truck. and a $2.158 salvage value. Delivery truck costs are recorded in the Trucks account. Year 2 Decenber 31 The truck's estinated useful life was changed from fave to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-Line depreciation on the truck. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,500 cash. Required: 1-2. Calculate depreciation for Year 2 1-b. Calculate book value and gain poss) for sale of Truck on December 31, Your 3. 1-c. Prepare Journal entries to record these transactions and events Complete this question by entering your answers in the tabs below. Required in ruquired 10 Recured 1C Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. Depreciation expense for Your 1) Dewcation expense for Year 2) Depreciation experts for Your 3) Accumulated depreciation 12/31/ar Book value of truck at 12/31/3 Total cost Acumulated depreciation Book va Complete this question by entering your answers in the tabs below. 9 Required 1A Required 1B Required 10 Prepare jaurnal entries to record these transactions and events. View transaction list Journal entry worksheet >
