Prior to adjustment at the end of the year, the balance in Trucks is $302,210 and the balance in Accumulated DepreciationTrucks is $100,920. Details of the subsidiary ledger are as follows:

		Estimated		Accumulated Depreciation at	Miles Operated
Truck No.	Cost	Residual Value	Useful Life	Beginning of Year	During Year
1	$83,960	$15,360	245,000 miles		20,600 miles
2	51,050	5,930	300,800 miles	$14,700	33,800 miles
3	77,486	12,910	201,800 miles	62,180	8,100 miles
4	89,714	22,010	241,800 miles	24,040	22,500 miles

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 rate per mile answers to the nearest cent.
B.	Journalize the entry on December 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles.

A. Determine for each truck 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. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. Round rate per mile answers to the nearest cent.

Truck No.	Rate per Mile	Miles Operated	Credit to Accumulated Depreciation
1		20,600
2		33,800
3		8,100
4		22,500
Total

B. Journalize the entry on Dec. 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles.