Prior to adjustment at the end of the year, the balance in Trucks is $401,800 and the balance in Accumulated DepreciationTrucks is $118,060. 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	$84,500	$12,675	200,000 miles		30,000 miles
2	116,300	13,956	340,000 miles	$23,260	34,000 miles
3	91,000	12,740	210,000 miles	72,800	21,000 miles
4	110,000	13,200	420,000 miles	22,000	50,400 miles

Question Content Area

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.