Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $425,400 and the balance in Accumulated Depreciation-Trucks is $132,080. 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 Year $78,500 $11,775 210,000 miles 31,500 miles 2 119,900 14,383 400,000 $23,980 40,000 104,500 14,630 208,000 $83,600 20,800 122,500 14,700 420,000 $24,500 50,400 1 4 termine for each truck the depreciation rate per mile and the amount to be ited 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 31,500 2 40,000 3 20,800 4 50,400 Total b. Journalize the entry to record depreciation for the year