AssignmentSessionLocator &inprogress=false eBook Show Me How Calculator Depreciation by units of activity Method Prior to adjustment at the end of the year, the balance in Trucks is $412,200 and the balance in Accumulated Depreciation-Trucks is $122,240. 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 1 $83,000 $12,450 200,000 miles 30,000 miles 2 112,700 13,524 330,000 $22,540 33,000 94,000 13,160 216,000 $75,200 21,600 122,500 14,700 320,000 $24,500 38,400 Year 3 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 1 s 30.000 2 33,000 3 21,600 Next > Email instructor Save and Submit Assignment for Grading Otv P XW MacBook Air & 6 8 Show Me How og esseralse Calculator 2 OD 112,700 13,524 3 330,000 94,000 13,160 $22,540 216,000 33,000 4 122,500 14,700 320,000 $75,200 $24,500 21,500 38,400 a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its 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 1 30,000 2 33,000 3 21,600 38,400 Total b. Journalize the entry to record depreciation for the year. ECO Save and S stv AP MacBook Air