Prior to adjustment at the end of the year, the balance in Trucks is $296,900 and the balance in Accumulated Depreciation-Trucks is $99,740. Details of the subsidiary ledger are as follows:

a. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.

b. Journalize the entry to record depreciation for the year.

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Miles Accumulated Estimated Useful Life Depreciation at Beginning of Year Operated Estimated Truck No. Residual Value During Year Cost 21,000 miles 33,500 8,000 22,500 250,000 miles 300,000 200,000 240,000 $80,000 $15,000 $14,400 60,140 25,200 54,000 72,900 10,900 22,800 90,000