Depreciation by Units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $408,400 and the balance in Accumulated Depreciation-Trucks is $124,780. Details of the subsidiary ledger are as follows: Accumulated Miles Estimated Estimated Depreciation Operated Truck Residual Useful at Beginning During No. Cost Value Life of Year Year 1 $80,000 $12,000 210,000 miles 31,500 miles 2 119,900 14,388 320,000 $23,980 32,000 3 98,500 13,790 204,000 78,800 20,400 4 110,000 13,200 390,000 22,000 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. Truck No. Rate per Mile (in cents) $fill in the blank Miles Operated Credit to Accumulated Depreciation $fill in the blank 1 31,500 fill in the blank 2 fill in the blank 32,000 fill in the blank 3 fill in the blank 20,400 Truck No. Rate per Mile (in cents) $fill in the blank Miles Operated Credit to Accumulated Depreciation $fill in the blank 1 31,500 fill in the blank fill in the blank 2 32,000 fill in the blank fill in the blank 3 20,400 fill in the blank fill in the blank 4 46,800 $fill in the blank Total Feedba b. Journalize the entry on December 31 to record depreciation for the year. If an amount box does not require an entry, leave it blank. Depreciation Experie Trucks Depreciation Expense Trucks Accumulated Deprecaten Trucks Accumulated Deprecation Trucker