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Prior to adjustment at the end of the year, the balance in Trucks is $905,554 and the balance in Accumulated Depreciation - Trucks is $100.220.

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Prior to adjustment at the end of the year, the balance in Trucks is $905,554 and the balance in Accumulated Depreciation - Trucks is $100.220. Dotalis of the subsidary ledger are as follows: Required: a. Determine for each truck the depreclation rate per mib and the amount to be credited to the accumutated depreciation section of each a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciacion section of each subsidiary account for the mies operated during the cument year. Keep in mind that the depreciation taken cannot roopce the book vave of the truck below its residual value. Round rate per mule answers to the nearest cent. b. dournalze the entry on Dec. 31 to record depreciation for the year. Aeter to the chat of accounts for the exact wording of the account firies. CNow journals do not use lines for. joumal explanations. Every whe on a joumal page is used for debit or credit entries. CNOW joumais will atitamaticaly indent a credit entry when a credir amount is entered

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