Question: Please answer within the proper format with all supporting calculation seperately Note: every journal entry should have narration please Please use commas and dollar sign

Please answer within the proper format with all supporting calculation seperately

Note: every journal entry should have narration please

Please use commas and dollar sign in each figure

Please answer within the proper format with allPlease answer within the proper format with allPlease answer within the proper format with all
Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $23,515 cash plus $1, 485 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 annual 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 $2,700. 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, 300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate 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 14 Required 1B 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\fRequired 14 Required 1B Required 1C Prepare journal entries to record these transactions and events. View transaction list View journal entry worksheet x No Date General Journal Debit Credit January 01, Year 23,515

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