Chapter 10 Homework Assignment ebook Show Me How Prim Deprecation by Units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $417,800 and the balance in Accumulated Depreciation-Trucks is $125,460. Detses of the subsidiary ledereas follows: Accumulated Miles Estimated Estimated Depreciation Operated Truck Residual Useful at Beginning During No. Cost Value Life of Year Year 1 581,500 $12,225 200,000 miles 30,000 miles 111,600 13.416 340,000 122,360 34,000 3 102.000 14,200 201,000 81,600 20,100 122,500 14.700 240,000 24,500 28,800 d Determine for each truck the depreciation rate per milt and the amount to be credited to the accumulated depreciation section of each subsidiary account for the miles operated during the current year, Kemp mund 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. Credit to Rate per Mile Miles Accumulated Truck No. (in cents) Operated Depreciation 30,000 34,000 20,100 20,800 1 2 Previous Net Check My Work 3 wow $12,225 $81,500 111,800 2 3 200,000 miles 300.000 201.000 240,000 13,416 14,200 14.700 102.000 $22.00 35.600 24,500 30,000 miles 34,000 20,100 28.800 122.500 .. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary account to the operated during the current year Kere in mind that the depreciation taken cannot reduce the book walue of the truck below residual value Round the rate per mile to two decimal places Credit to Rate per Mile Miles Accumulated Truck No. (in centa) Operated Depreciation 1 10,000 2 34,000 3 20,100 20,000 Total b. Journaline the entry on December 31 to record depreciation for the year an amount or does not require trave it bank :88