1. Prior to adjustment at the end of the year, the balance in Trucks is $410,200 and the balance in Accumulated DepreciationTrucks is $124,540. 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		220,000	miles			33,000	miles
   2	117,200		14,064		420,000		$23,440		42,000
   3	97,000		13,580		204,000		$77,600		20,400
   4	117,500		14,100		420,000		$23,500		50,400

   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.

   Truck No.	Rate per Mile (in cents)		Miles Operated		Credit to Accumulated Depreciation
   1	$fill in the blank 37f33002fffffba_1		33,000		$fill in the blank 37f33002fffffba_2
   2	$fill in the blank 37f33002fffffba_3		42,000		$fill in the blank 37f33002fffffba_4
   3	$fill in the blank 37f33002fffffba_5		20,400		$fill in the blank 37f33002fffffba_6
   4	$fill in the blank 37f33002fffffba_7		50,400		$fill in the blank 37f33002fffffba_8
   			Total		$fill in the blank 37f33002fffffba_9

   b. Journalize the entry to record depreciation for the year.

   	Accounts PayableAccumulated Depreciation-TrucksCashDepreciation Expense-TrucksTruck ExpenseTrucks	- Select -
   	Accounts PayableAccumulated Depreciation-TrucksCashDepreciation Expense-TrucksTruck ExpenseTrucks		- Select -