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.
Definitions:
Osteoblasts
Cells responsible for bone formation, involved in the synthesis and mineralization of bone during both initial bone formation and later bone remodeling.
Osteoclasts
Bone-resorbing cells that play a crucial role in bone remodeling and calcium homeostasis within the body.
Langerhans Cells
Specialized dendritic cells located in the epidermis that play a key role in the skin's immune response.
Keratinocytes
The primary type of cells found in the epidermis, responsible for the production of keratin.
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