eBook Show Me How Print Item Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $416,600 and the balance in Accumulated Depreciation-Trucks Is $124,320. Detalls of the subsidiary ledger are as follows: Accumulated Miles Estimated Estimated Depreciation Operated Truck Residual Useful at Beginning During No. Cost Value Life Year 1 $78,500 $11,775 200,000 miles 30,000 miles 113,600 13,632 410,000 $22,720 41,000 94,500 13,230 216,000 $75,600 21,600 130,000 15,600 320,000 $26,000 38,400 of Year 2 3 4 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. Enter all values as positive amounts. Credit to Rate per Mile Miles Accumulated (in cents) Operated Depreciation Truck No. 1 30,000 2 41,000 3 21.600 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. Enter all values as positive amounts. Credit to Rate per Mile Accumulated Truck No. (in cents) Operated Depreciation Miles 1 30,000 2 41,000 3 21,600 4 38,400 Total b. Journalize the entry to record depreciation for the year