Instructions Prior to adjustment at the end of the year, the balance in Trucks is $301.420 and the balance in Accumulated Depreciation - Trucks is $100,710 Details of the subsidiary ledger are as follows: Truck No. Cost Accumulated Depreciation at Beginning of Year 1 $81,300 Estimated Residual Value Useful Life $15,000 255,000 miles 5.800 300,000 miles 12,500 201,000 miles 23.500 240,000 miles Miles Operated During Year 22,000 33,900 2 47,800 $13.980 62,520 3 8,000 76.820 95,500 4 24,210 22,400 Required: A Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the mies operated during the current your B. Journalize the entry to record depreciation for the year. Motor to the Chart of Accounts for exact wording of account lives. A. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year Truck No. Rato per Mile Miles Operated Credit to Accumulated Depreciation 1 5 22.000 15 2. 33,900 3 8,000 4 22,400 Total PAGE 1 JOURNAL DATE POST. REF. DEBIT CREDIT 1 DESCRIPTION Adjusting Entries 2 3