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nt at the end of the year, the balance in Trucks is $300,900 and the balance in Accumulated Depreciation-Trucks is $88,200. Details of the subsidiary
nt at the end of the year, the balance in Trucks is $300,900 and the balance in Accumulated Depreciation-Trucks is $88,200. Details of the subsidiary ledger are as follows: Estimated Estimated Accumulated Depreciation Miles Operated Truck No. Cost Residual Value Useful Life at Beginning of Year 1 $100,000 $13,000 300,000 2 72,900 9.900 3 38,0003,000 200.000 $60,000 8,050 20,150 During Year 30,000 25,000 45,000 40,000 300,000 4 90,000 13,000 200,000 Required: output method, 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. Round rate decimal place. per mile answers to one (2) Journalize the entry to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles Previous Next)
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