Prior to adjustment at the end of the year, the balance in Trucks is $ and the balance in Accumulated DepreciationTrucks is $ Details of the subsidiary ledger are as follows:
Estimated
Accumulated Depreciation at
Miles Operated
Truck No
Cost
Residual Value
Useful Life
Beginning of Year
During Year
$ $ miles miles
miles $ miles
miles miles
miles miles
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.
b Journalize the entry on December to record depreciation for the year.
