Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $400,000 and the balance in Accumulated Depreciation-Trucks is $118,300. Detals 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 $86,000 $12,900 210,000 miles 31,500 miles 119,000 14,280 330,000 $23,800 33,000 92,500 12,950 202,000 $74,000 20,200 102,500 12,300 270,000 $20.500 32.400 1 2 3 4 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 Credit to Rate per Mile Miles Accumulated Truck No. (in cents) Operated Depreciation 31,500 33,000 3 20,200 1 2 Previous Next * -2 14,280 119,000 92,500 33,000 3 330,000 202,000 270,000 $23,800 $74,000 12,950 12,300 4 102,500 20,200 32,400 $20,500 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. Credit to Rate per Mile Miles Accumulated Truck No. (in cents) Operated Depreciation 1 31,500 2 3 33,000 20,200 32,400 Total b. Journalize the entry to record depreciation for the year. Previous Next All work saved Email Instructor Submit Test for Gra