On January 1,2012,a Company Buys a Truck for $42,000 Cash $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 64

Essay

On January 1,2012,a company buys a truck for $42,000 cash.It has estimated residual value of $2,000,and an estimated life of 8 years,or 200,000 miles.If the company uses straight-line depreciation,please show the journal entry for the first year depreciation.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

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Definitions:

Oxygen Tanks

Containers used to store oxygen for medical purposes, enabling patients with respiratory issues to receive the oxygen they need.

Pulse Oximetry

A non-invasive test that measures the oxygen saturation level, or the amount of oxygen in the patient's blood, by attaching a sensor to a part of the body, often a fingertip.

Pneumonia

An inflammatory condition of the lung affecting primarily the small air sacs known as alveoli, usually caused by infectious agents such as bacteria, viruses, or fungi.

Oxygenation

The process of supplying, adding, or replacing oxygen in the body, typically referring to the oxygenation of blood in the respiratory system.