Prior to adjustment at the end of the year, the balance in Trucks is $243,300 and the balance in Accumulated Depreciation-Trucks is $28,170. Details of the subsidiary ledger are as follows Estimated Residual Value Accumulated Depreciation at Beginning of Year Miles Operated During Year Estimated Truck Useful No Cost Life $6,300 9,000 3,100 12,900 $48,300 150,000 miles 300,000 200,000 200,000 23,000 miles 69,000 37,100 88,900 $570 7,800 19,800 24,000 36,000 40,000 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 Truck No. Rate per Mile (in cents) Miles Operated Credit to Accumulated Depreciation 23,000 24,000 36,000 40,000 2 4 Total b. Journalize the entry to record depreciation for the year