prior to adjustment at the end of the year the balance in trucks is $399,400 and the balance in accumulated depreciation trucks is $119,980 details of the subsidiary ledger are as followed

Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $399,400 and the balance in Accumulated Depreciation-Trucks is $119,980. Details of the subsidiary ledger are as follows: Truck No. Estimated Residual Value Estimated Useful Life Accumulated Depreciation at Beginning of Year Miles Operated During Year Cost $11,550 33,000 miles $77,000 119,900 92,500 110,000 14,388 12,950 13,200 220,000 miles 300,000 207,000 320,000 $23,980 $74,000 $22,000 30,000 20,700 38,400 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 30,000 20,700 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 30,000 20,700 38,400 Total b. Journalize the entry to record depreciation for the year