Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $397,900 and the balance in Accumulated Depreciation-Trucks is $122,380. Details of the subsidiary ledger are as follows: Accumulated Depreciation at Beginning of Year Estimated Residual Value Truck No. Estimated Useful Life 200,000 miles 310,000 217,000 Miles Operated During Year 30,000 miles 31,000 21,700 31,200 Cost $80,000 119,900 98,000 100,000 1 2 3 $12,000 14,388 13,720 12,000 $23,980 $78,400 $20.000 4 260,000 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 Credit to Rate per Mile Miles Accumulated Truck No. (in cents) Operated Depreciation 30,000 2 31,000 3 21,700 1 31,200 4 Total Previous