Prior to adjustment at the end of the year, the balance in Trucks is $404,900 and the balance in Accumulated DepreciationTrucks is $124,380. 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	$80,000		$12,000		200,000	miles			30,000	miles
2	110,900		13,308		390,000		$22,180		39,000
3	99,000		13,860		202,000		79,200		20,200
4	115,000		13,800		420,000		23,000		50,400

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.