Depreciation by units-of-activity Method

Prior to adjustment at the end of the year, the balance in Trucks is $397,400 and the balance in Accumulated DepreciationTrucks is $116,580. Details of the subsidiary ledger are as follows:

Truck No.	Cost		Estimated Residual Value		Estimated Useful Life		Accumulated Depreciation at Beginning of Year		Miles Operated During Year
1	$86,000		$12,900		230,000	miles			34,500	miles
2	110,900		13,308		360,000		$22,180		36,000
3	90,500		12,670		204,000		$72,400		20,400
4	110,000		13,200		360,000		$22,000		43,200

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.

Truck No.	Rate per Mile (in cents)		Miles Operated		Credit to Accumulated Depreciation
1	$fill in the blank 5e765601f030057_1		34,500		$fill in the blank 5e765601f030057_2
2	$fill in the blank 5e765601f030057_3		36,000		$fill in the blank 5e765601f030057_4
3	$fill in the blank 5e765601f030057_5		20,400		$fill in the blank 5e765601f030057_6
4	$fill in the blank 5e765601f030057_7		43,200		$fill in the blank 5e765601f030057_8
			Total		$fill in the blank 5e765601f030057_9

b. Journalize the entry to record depreciation for the year.

	Accounts PayableAccumulated Depreciation-TrucksCashDepreciation Expense-TrucksTruck ExpenseTrucks	- Select -
	Accounts PayableAccumulated Depreciation-TrucksCashDepreciation Expense-TrucksTruck ExpenseTrucks		- Select -