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Estimated Residual Value Accumularea Depreciation at Beginning of Year Estimated Useful Life Truck No. Miles Operated During Year Cost 220,000 miles 33,000 miles $81,500 114,500

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Estimated Residual Value Accumularea Depreciation at Beginning of Year Estimated Useful Life Truck No. Miles Operated During Year Cost 220,000 miles 33,000 miles $81,500 114,500 91,500 $22,900 $12,225 13,740 12,810 14,400 320,000 211,000 400,000 32,000 21,100 $73,200 120,000 $24,000 48,000 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) Miles Operated Credit to Accumulated Depreciation Truck No. 33,000 32,000 21,100 48,000 Total

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