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This is all one question Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $214,800 and

This is all one question

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Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $214,800 and the balance in Accumulated Depreciation-Trucks is $25,202. Details of the subsidiary ledger are as follows Estimated Residual Value Estimated Useful Life (in miles) Accumulated Depreciation at Beginning of Year Miles Operated During Year Truck Cost No. 41,400 5,400 60,700 33,100 79,600 7,900 2,700 11,600 120,000 240,000 160,000 170,000 $502 7,000 17,700 18,000 19,000 29,000 34,000 a. Determine 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. Round the rate per mile to two decimal places and credit to accumulated depreciation to the nearest dollar Truck No. Rate per Mile (in cents) Miles Operated 18,000 19,000 29,000 34,000 Credit to Accumulated Depreciation Total b. Journalize the entry to record depreciation for the year Accounts Payable Accumulated Depreciation-Trucks Cash Depreciation Expense-Trucks Truck Expense Trucks

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