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The 2008-2009 recession was more severe than all recent recessions EXCEPT the one in
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used.
Diminishing-Balance
A method of depreciation that accelerates the rate at which an asset loses value, applying a constant rate to the declining book value each period.
Constant Percentage
A method or rate that does not change over time, often used in calculations of growth, discount, or interest rates.
Units-of-Production Method
A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces or hours it operates.
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