Question: 6 Problem 10-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery

 6 Problem 10-5A Computing and revising depreciation; selling plant assets LO

6 Problem 10-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks 2016 Dan. 1 Paid $20,515 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year 1i Dec. 31 Recorded annual straight-line depreciation on the truck 2017 Dec. 31 Due to new information ob oints salvage value. Delivery truck costs are recorded in the Trucks account Ask tained earlier in the year, the truck's estimated useful life was changed from five to four years, and the estimated salvage value was incressed to $2,550. Recorded a nnual straight-line depreciation on the truck. References 2018 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 Sold the truck for $5,6e0 cash. Required: 1-a. Calculate depreiation for year 2017 1-b. Calculate book value and gain (loss) for sale of Truck on Decembet, 2018. 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 1B Required 1C

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