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Regardless of the size of the department, the chain of command always starts with the Governor of the state in which the department is established.
Double-Declining-Balance Method
An accelerated method of depreciation that doubles the regular depreciation rate, reducing the asset’s book value more quickly in the early years of its life.
Depreciation Expense
Assigning the cost of a material asset over the duration of its usefulness.
Estimated Salvage Value
The projected value of an asset at the end of its useful life, used in calculating depreciation.
Straight-Line Depreciation
A method of allocating an asset's cost evenly across its useful life.
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