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Show Me How new Mac password Deprecation by units-of-activity Prior to adjustment at the end of the year, the balance in Trucks is $296,900 and

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Show Me How new Mac password Deprecation by units-of-activity Prior to adjustment at the end of the year, the balance in Trucks is $296,900 and the balance in Accumulated Depreciation- Trucks is $99,740. Details of the subsidiary ledger are as follows: Estimated Estimated Depreciation Operated Truck No. Residual Useful at Beginning of Year Cost Value Life Year $80,000 $15,000 250,000 miles 21,000 miles 54,000 72,900 90,000 6,000 300,000 10,900 200,000 22,800 240,000 $14,400 60,140 25,200 33,500 8,000 22,500 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 21,000 33,500 8,000 22,500 Total Previous Next Check My Work 3 more Check My Work uses remaining. All work saved

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