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Accumulated Estimated Estimated Depreciation Miles Operated Truck Residual No. Cost Value Useful Life at Beginning of Year During Year 1 $78,500 $11,775 210,000 miles

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Accumulated Estimated Estimated Depreciation Miles Operated Truck Residual No. Cost Value Useful Life at Beginning of Year During Year 1 $78,500 $11,775 210,000 miles 31,500 miles 2 110,000 13,200 280,000 $22,000 28,000 3 99,500 13,930 212,000 $79,600 21,200 4 125,000 15,000 300,000 $25,000 36,000 a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its resid Round the rate per mile to two decimal places. Enter all values as positive amounts. Credit to Accumulated Rate per Mile Miles Truck No. (in cents) Operated Depreciation 1 0.32 31,500 10,080 2 0.35 28,000 9,800 3 0.40 21,200 10,940 X 0.37 36,000 13,200 X Total

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