Depreciation by units-of-activity method 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: Truck No. 1 2 3 4 1 2 3 Cost 4 $80,000 54,000 72,900 90,000 Estimated Residual Value $15,000 6,000 10,900 22,800 Estimated Useful Life 000 250,000 miles 300,000 200,000 240,000 a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary 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. Round the rate per mile to two decimal places. Truck No. Rate per Mile (in cents) Miles Operated Credit to Accumulated Depreciation Accumulated Depreciation at Beginning of Year 21,000 33,500 8,000 22,500 $14,400 60,140 25,200 Miles Operated During Year 21,000 miles 33,500 8,000 22,500 000

Depreciation by units-of-activity method 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 for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary account for the miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the boo value of the truck below its residual value, Round the rate per mile to two decimal places. a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary 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. Round the rate per mile to two decimal places. b. Journalize the entry on Dec. 31 to record depreciation for the year: Dec. 31