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Instructions Prior to adjustment at the end of the year, the balance in Trucks is $301,884 and the balance in Accumulated Depreciation--Trucks is $100,880. Details

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Instructions Prior to adjustment at the end of the year, the balance in Trucks is $301,884 and the balance in Accumulated Depreciation--Trucks is $100,880. Details of the subsidiary ledger are as follows: Estimated Residual Value Useful Life Accumulated Depreciation at Beginning of Year Truck No. Cost 1 $79,610 Miles Operated During Year 20,800 miles 32.100 miles 250,000 miles 2 57.495 302,500 miles $14610 $14,610 6,070 13,750 22.920 3 76,060 201,000 miles 61,380 8,400 miles 38,719 243 700 miles 24,890 22,800 miles 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 1 $79.610 514610 250,000 mies 32,100 miles 2 514610 57 495 6,070 302.500 miles 3 61,380 8,400 miles 76,060 13,750 201,000 miles 22 800 miles 24 890 4 88.719 22.920 243,700 miles 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 B Journalize the entry on Dec 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of accounts acer ES FO F11 F12 PASC Syste Pause Break no Poup TIS % & Backspace Wary Lock 6 7 8 9 0 T U 0 P 3 H Entet BN M t shift

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