Prior to adjustment at the end of the year, the balance in Trucks is $423,900 and the balance in Accumulated DepreciationTrucks is $127,880. Details of the subsidiary ledger are as follows:

Truck No.	Cost		Estimated Residual Value		Estimated Useful Life		Accumulated Depreciation at Beginning of Year		Miles Operated During Year
1	$78,500		$11,775		200,000	miles			30,000	miles
2	119,900		14,388		240,000		$23,980		24,000
3	98,000		13,720		218,000		78,400		21,800
4	127,500		15,300		290,000		25,500		34,800

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.

Truck No.	Rate per Mile (in cents)		Miles Operated		Credit to Accumulated Depreciation
1			30,000
2			24,000
3			21,800
4			34,800
			Total

b. Journalize the entry on December 31 to record depreciation for the year. If an amount box does not require an entry, leave it blank.

b. Journalize the entry on December 31 to record depreciation for the year. If an amount box does not require an entry, leave it blank. Accumulated Depreciation-Trucks Cash Depreciation Expense-Trucks Truck Expense Trucks