Depreciation by units-of-activity method Prior to adjustment at the end of the year, the balance in Truck $396.000 and the balance in Accumulated Depre Accumulated Miles Truck Estimated Residual Estimated Depreciation Operated Useful at Beginning During No. Cost Value Life of Year Year 1 $81.500 $12,225 220,000 miles - 33,000 miles 2 119.000 14,280 3 93,000 13,020 4 102,500 12,300 350,000 miles 212,000 miles 360,000 miles $23,800 35,000 miles 74,400 21,200 miles 20,500 43.200 miles a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreci decimal places. Enter all values as positive amounts. Truck Rate per Mile Miles Credit to Accumulated No. (in cents) Operated Depreciation $ 1 33,000 10,230 0.31 V 2 0.30 35,000 10,500 3 0.38 21.200 8,056 X 4 0.26 43,200 6,032 x Total 34,818 X Feedback Check My Work Asset minus residual value equals depreciable cost. Units-of-production allocates the cost of the asset equally over the units produc b. Journalize the entry to record depreciation for the year. If an amount box does not require an entry, leave it blank Depreciation Expense-Trucks Accumulated Depreciation-Trucks 34.818 X 34.818 X