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 double-declining-balance depreciation, please show the journal entry for the first year depreciation.
Definitions:
Beta
A quantification of the risk and fluctuations experienced by a security or portfolio when compared to the general market.
Treynor Measure
A performance metric for determining how well an investment compensates the investor for taking a particular level of risk, accounting for systematic risk.
Standard Deviation
A statistical measure that represents the dispersion or variance in a set of data points, used in finance to measure the volatility of investment returns.
Beta
Beta is a measure of an investment's volatility and systemic risk compared to the overall market.
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