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Accounting Estimate
Approximations or judgments made by management when preparing financial statements, due to uncertainty in determining the exact amounts.
Multiple Periods
Refers to accounting or financial analysis over several time frames, such as quarters or years, to evaluate performance or investments.
Double-Declining-Balance Depreciation
A method of accelerated depreciation where the asset's book value is reduced at double the rate of traditional straight-line depreciation.
Straight-Line Depreciation
A method of allocating an asset's cost evenly across its useful life.
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