Depreciation by units-of-activity Method

Prior to adjustment at the end of the year, the balance in Trucks is $412,500 and the balance in Accumulated DepreciationTrucks is $128,000. 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	$84,500		$12,675		210,000	miles			31,500	miles
2	119,000		14,280		340,000		$23,800		34,000
3	104,000		14,560		219,000		$83,200		21,900
4	105,000		12,600		270,000		$21,000		32,400

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.

Truck No.	Rate per Mile (in cents)		Miles Operated		Credit to Accumulated Depreciation
1	$fill in the blank b473d3001033fe1_1		31,500		$fill in the blank b473d3001033fe1_2
2	$fill in the blank b473d3001033fe1_3		34,000		$fill in the blank b473d3001033fe1_4
3	$fill in the blank b473d3001033fe1_5		21,900		$fill in the blank b473d3001033fe1_6
4	$fill in the blank b473d3001033fe1_7		32,400		$fill in the blank b473d3001033fe1_8
			Total		$fill in the blank b473d3001033fe1_9

b. Journalize the entry to record depreciation for the year.

		fill in the blank ea44c3f97fa102e_2
			fill in the blank ea44c3f97fa102e_4