Problem 8-5A Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks Jan. 1 Paid $25,015 cash plus $1,635 in sales tax for a new delivery truck estinated to have a five-year life and a 52 , 00e salvage Year 1 value. 0elivery truck costs are recorded to the Trucks account. Dec. 31 lecorded annual stralght-1ine depreciation on the truck. Dec. 31 the truck's estieated useful life was changed from five to four years, and the estieated salvage value was increased to Year 2 $2,550. Recorded anmal straight-1ine depreciation on the truck. Year 3 Dec. 31 Recorded annul straight-line depreciation on the truck. bec. 31 Sold the truck for 55,400 cash. Required: 1-a. Calculate depreciation for Yeat 2 1.b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 1-c. Prepare joumal entries to record these transactions and events Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December 31 , Year 3. Journal entry worksheet 5 Record the total cost of the new delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet