Prior to adjustment at the end of the year, the balance in Trucks is $297,013 and the balance in Accumulated Depreciation—Trucks is $102,180. 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 1 $80,302 $15,380 249,700 miles — 20,300 2 51,225 5,730 303,300 miles $14,540 32,100 3 79,600 12,940 202,000 miles 62,350 8,100 4 85,886 23,330 240,600 miles 25,290 22,000 Required: 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 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles. 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. Truck No. Rate per Mile Miles Operated Credit to Accumulated Depreciation 1 20,300 2 32,100 3 8,100 4 22,000 Total B. Journalize the entry to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Adjusting Entries 2 3