Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $414,600 and the balance in Accumulated Depreciation --Trucks is $122,420. 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 $84,500 $12,675 220,000 miles 33,000 miles 2 113,600 13,632 340,000 $22,720 34,000 3 94,000 13,160 201,000 $75,200 20,100 122,500 14,700 330,000 $24,500 39,600 1 4 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 Credit to Rate per Mile Miles Accumulated Truck No. (in cents) Operated Depreciation 33,000 1 2. 34,000 3 20,100 4 39,600 Total b. Journalize the entry to record depreciation for the year