Examlex
Match the items below with their descriptions:
-people
Double Declining-Balance Method
A method of accelerated depreciation where an asset's value is reduced at double the rate of its straight-line depreciation.
Computer System
An integrated setup of hardware, software, and network components designed to process, manage, and store data.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since its acquisition, representing the cumulative reduction in the asset's value.
GAAP
A set of widely adhered to accounting norms and guidelines for the preparation of financial statements.
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