Depreciation by units-of-activity method Prior to adjustment at the end of the year, the balance in Trucks is $398,700 and the balance in Accumulated Depreciation-Trucks is $124,340. Details of the subsidiary ledger are as follows: Truck No. 1 2 3 4 Truck No. 1 2 3 Cost 4 $78,500 117,200 100,500 102,500 Estimated Residual Value $11,775 14,064 14,070 12,300 Estimated Useful Life 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. Rate per Mile (in cents) Miles Operated 31,500 32,000 210,000 miles 320,000 miles 219,000 miles 320,000 miles 21,900 38,400 Accumulated Depreciation at Beginning of Year Credit to Accumulated Depreciation - EXPED $23,440 80,400 20,500 Miles Operated During Year 31,500 miles 32,000 miles 21,900 miles 38,400 miles (S. le ec V u

Depreciation by units-of-activity method Prior to adjustment at the end of the year, the balance in Trucks is $398,700 and the balance in Accumulated Depreciation-Trucks is $124,340. 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 beok value of the truck below its residual value. Round the rate per mile to two decimal places. Enter all values as positive amounts. b. Journalize the entry to record depreciation for the year. If an amount box does not require an entry, leave it blank