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Yoshi Company completed the following transactions and events involving its delivery trucks. Yoar 1 Jan. 1 Paid $23,515 cash plus $1,785 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 Dec. 31 Recorded annual straight-line depreciation on the truck. Year 2 Dec. 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,550. Recorded annual straight-line depreciation on the truck Year 3 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 11 sold the truck for $5,600 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Colculate 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. Required 1A Required 18 Required 1C Calculate depreciation for Year 2 Total cost Less accumulated depreciation (from Year 1) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for Year 2 Required 18 > Dec. 31 Recorded annual straight- Dec. 31 Sold the truck 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, 1-c. Prepare journal entries to record these transactions and events. es Complete this question by entering your answers in the tabs below. Required 1B equirley Required 10 Required 1A Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. $ 4,630 6,040 16,710 27,380 Depreciation expense (for Year 1) Depreciation expense (for Year 2) Depreciation expense (for Year 3) Accumulated depreciation 12/31/Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value 12/31/Year 3 Loss on sale of truck 16,710 8,590 2.990

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