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Denzil is blind.He was badly injured when he fell into a Telstra trench on the side of public footpath.Telstra workers had placed a rope barrier,neon lights and large warning sign around the trench.Denzil claims Telstra was negligent.Which of the following statements best sums up his legal rights?
Useful Life
Useful Life is the estimated period over which an asset is expected to be economically usable by an entity, with a finite period for depreciation or amortization.
Accumulated Depreciation
A cumulative total of all depreciation expenses charged on an asset over its life up to a specific date.
Accumulated Depreciation
The cumulative amount of depreciation for an asset up to a single point in its life.
Double-declining-balance
An accelerated depreciation method that doubles the rate at which an asset's book value decreases, reflecting its quicker loss of value.
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