Depreciation by units-of-activity method:

Prior to adjustment at the end of the year, the balance in Trucks js $419,300 and the balance in Accumulated Depreciation - Trucks is 130,560.

A. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidary account for the miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value.

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

**NOTE: I need help solving for truck #3. I was able to do the others. Please explain to me in detail how you got the answer for truck #3, I REALLY appreciate it.

Also, refer to the image to see what the charts/subsidary ledger looks like. Thank you!!

Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $419,300 and the balance in Accumulated Depreciat Estimated Residual Value Accumulated Depreciation at Beginning of Year Estimated Useful Life Truck Miles Operated During Year No. Cost 1 $11,775 33,000 miles 220,000 miles 420,000 2 13,416 $22,360 42,000 $78,500 111,800 104,000 125,000 3 14,560 216,000 21,600 $83,200 $25,000 4 15,000 360,000 43,200 a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciati Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. Round the rate per mile to two decimal places. Enter all values as positive amounts. Credit to Rate per Mile (in cents) Operated Depreciation 33,000 9,900 Miles Accumulated Truck No. 1 0.30 5 0.23 42,000 $ 9,660 0.41 21,600 4 0.31 43,200 13,392 Total b. Journalize the entry to record depreciation for the year. Depreciation Expense-Trucks Accumulated Depreciation-Trucks Feedback