Prior to adjustment at the end of the year, the balance in Trucks is \(\$ 225,900\) and the balance in Accumulated Depreciation-Trucks is \(\$ 87,010\). Details of the subsidiary ledger are as follows:

a. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.

b. Journalize the entry to record depreciation for the year.objs. 4,5

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Estimated Estimated Truck Residual No. Cost Value Useful Life Depreciation at Beginning Accumulated Miles Operated During of Year Year 1 $75,000 $12,000 150,000 miles $19,110 36,000 miles 2 72,900 9,900 300,000 59,850 18,000 3 38,000 3,000 200,000 8,050 36,000 4 40,000 4,000 120,000 16,000