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Jack's, a popular pizza hang-out, has a thriving delivery business. Jack's has a fleet of three delivery automobiles. Prior to making the entry for this

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Jack's, a popular pizza hang-out, has a thriving delivery business. Jack's has a fleet of three delivery automobiles. Prior to making the entry for this year's depreciation expense, the subsidiary ledger for the fleet is as follows: Accumulated Depr.-Beg of the Year Car Cost Estimated Life in Miles 75,000 Salvage Value Miles Operated During Year 20,000 1 $21,000 $3,000 $2,520 2 18,000 2,400 60,000 2,340 22,000 3 23.500 2.500 70,000 2,000 19.000 Determine the depreciation rates per mile for each car. (Round answers to 2 decimal places, eg. 15.25.) Car 1 $ $ per mile Car2 $ per mile Car 3 $ $ per mile Teythank and Media Determine the depreciation expense for each car for the current year. Depreciation Expense Car 1 $ Car2 $ Car 3 $ Make one compound journal entry to record the annual depreciation expense for the fleet. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Accumulated Depreciation-Car 2

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