eBook Show Me How Calculator Print Item Prior to adjustment at the end of the year, the balance in Trucks is $391,800 and the balance in Accumulated Depreciation-Trucks is $124,760. 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 $77,000 $11,550 220,000 miles 33,000 miles 111,800 13,416 320,000 $22,360 32,000 103,000 14,420 204,000 $82,400 20,400 100,000 12,000 380,000 $20,000 45,600 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 33,000 32,000 20,400 (Previous Next Check My Work 38 AM of 4 * 3/19/2020 W.LU /Un/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false | eBook Show Me How Calculator E Print Item 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. Rate per Mile (in cents) Truck No. Miles Operated Credit to Accumulated Depreciation $ - 33,000 32,000 N T 20,400 45,600 * Total Chow Asset minus residual value equals depreciable cost. Units-of production allocates the cost of the asset equally over the units produced the depreciation rate story constant, no matter how many miles are driven each period keep in mind that the depreciation taken cannot reduce the book value of the truck below is residual value (Previous Next Check My Work A 7:40 AM 3192020 FUO E