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. At the end of 2012, the truck had driven 30,000 miles. If the company uses units-of-production depreciation, please show the journal entry for the first year depreciation.
Definitions:
Microbes
Microorganisms that can be beneficial or harmful to humans, including bacteria, viruses, fungi, and protozoa.
Surgical Asepsis
Techniques used to maintain a sterile environment and prevent infection during surgical procedures.
Medical Asepsis
Practices aimed at reducing the number and spread of pathogens or disease-causing microorganisms.
Sterile Drape
A sterile cloth used to cover patients and their surroundings during a medical procedure to maintain a clean and aseptic environment.
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