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Yoshl Company completed the following transactions and events Involving Its delivery trucks. Year 1 January 1 Paid $ 2 0 , 5 1 5 cash
Yoshl Company completed the following transactions and events Involving Its delivery trucks.
Year
January Paid $ cash plus $ in sales tax for a new delivery truck estimated to have a fiveyear fe and a $ salvage value. Delivery truck costs are recorded in the Trucks account.
December Recorded annual straightline depreciation on the truck.
Year
December The truck's estinated useful life was changed from five to four years, and the estinated salvage value was increased to $ Recorded annual straightine depreciation on the truck.
Year
December Recorded annual straightne depreciation on the truck.
December Sold the truck for $ cash.
Required:
a Calculate depreclation for Year
b Calculate book value and gain loss for sale of Truck on December Year
c Prepare journal entrles to record these transactions and events.
Complete this question by entering your answers in the tabs below.
Required A
Required
Required IC
Calculate book value and gain lo for sale of Truck on December Year
tableDepreciation expense for Year Depreciation expense for Year Depreciation expense for Year Accumulated depreciation Year Book value of truck at Year Total costAccumulated depreciation,Book value,
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