Prior to adjustment 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 During Year 1 $100,000 $13,000 300,000 30,000 2 72,900 9,900 300,000 $60,000 25,000 3 38,000 3,000 200,000 8,050 45,000 4 90,000 13,000 200,000 20,150 40,000 Required: (1) Based on the units-of-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 per mile answers to one decimal place. (2) Journalize the entry to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles. Analysis Based on the units-of-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 per mile answers to one decimal place. Truck No. Rate per Mile Miles Operated Depreciation 1 0 cents 30,000 $8,700 2 0.18 cents 25,000 4,500 3 0.05 cents 45,000 7,875 4 0.15 cents 40,000 Total 15,400 $12,750 General Journal 1 2 Journalize the entry to record depreciation for the year on December 31. Refer to the Chart of Accounts for exact wording of account titles. DATE DESCRIPTION Dec. 31 Depreciation Expense-Trucks Accumulated Depreciation-Trucks PAGE 1 JOURNAL POST. REF. DEBIT CREDIT 12,750.00 12,750.00