Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $421,800 and the balance in Accumulated Depreciation-Trucks is $123,560. Details of the subsidiary ledger are as follows: Estimated Residual Value Accumulated Depreciation at Beginning of Year Estimated Useful Life Truck Miles Operated During Year No. Cost 1 $86,000 $12,900 240,000 miles 36,000 miles 2 111,800 13,416 320,000 $22,360 32,000 3 94,000 13,160 214,000 $75,200 21,400 4 130,000 15,600 390,000 $26,000 46,800 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. Enter all values as positive amounts. Miles Rate per Mile (in cents) Credit to Accumulated Depreciation Truck No. eratec 1 $ 36,000 x 36,000 2 32,000 2 $ 32,000 $ 3 $ 21,400 $ 4 $ 46,800 $ Total Feedback b. Journalize the entry to record depreciation for the year. Depreciation Expense-Trucks Accumulated Depreciation-Trucks Feedback Check My Work Remember that the company journalizes the depreciation of the trucks as one asset. Feedback Check My Work Partially correct