Depreciation by units$-$of$-$activity method

Prior to adjustment at the end of the year, the balance in Trucks is $$296,900$ and the balance in Accumulated Depreciation$$Trucks is $$99,740.$ Details of the subsidiary ledger are as follows:

Truck

No$.$ Cost Estimated

Residual

Value Estimated

Useful

Life

Accumulated

Depreciation

at Beginning

of Year Miles

Operated

During

Year

$1$ $$80,000$ $$15,000250,000$ miles $21,000$ miles

$254,0006,000300,000$ miles $$14,40033,500$ miles

$372,90010,900200,000$ miles $60,1408,000$ miles

$490,00022,800240,000$ miles $25,20022,500$ miles

Question Content Area

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. Round the rate per mile to two decimal places.

Truck No$.$ Rate per Mile

$($in cents$)$ Miles Operated Credit to

Accumulated

Depreciation

$1$ fill in the blank $1$ of $9$$

$21,000$ fill in the blank $2$ of $9$$

$2$ fill in the blank $3$ of $9$

$33,500$ fill in the blank $4$ of $9$

$3$ fill in the blank $5$ of $9$

$8,000$ fill in the blank $6$ of $9$

$4$ fill in the blank $7$ of $9$

$22,500$ fill in the blank $8$ of $9$

Total fill in the blank $9$ of $9$$

Question Content Area

b$.$ Journalize the entry on December $31$ to record depreciation for the year. If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

December $31$