Saved Yoshi Company completed the following transactions and events involving its deliverytrucks. 2017 sales tax...
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Saved Yoshi Company completed the following transactions and events involving its deliverytrucks. 2017 sales tax for a new delivery truck estinated to have a five-year life and a $2,45e sal vage value. Delivery truck costs are recorded in the Trucks account. Dec. 31 Recorded annual straight-line depreciation on the truck 2018 Dec. 31 Due to new informa tion obtained earlier in the year, the truck's estinated useful life was changed from five to four years, and the estimated salvage value was increased to $2,70. Recorded annual straight-line depreciation on the truck. 2019 Dec. 31 Recorded annual straight-1ine depreciation on the truck. Dec. 31 Sold the truck for $5,300 cash. Required 1-a. Calculate depreciation for year 2018 1-b. Calculate book value and gain (loss) for sale of Truck on December, 2019 1-c. Prepare journal entries to record these transactions and events Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1c Calculate book value and gain (loss) for sale of Truck on December, 2019 Depreciation expense (for 2017) Prey 2 of 23 Next > ere to search
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