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Locke's Simple Ideas were defined as
Double-Declining-Balance Rate
A method of accelerated depreciation where an asset's book value is reduced at double the rate of its straight-line depreciation each year.
Double-Declining-Balance Depreciation
A method of accelerated depreciation that applies twice the normal depreciation rate on the declining balance of an asset.
Straight-Line Depreciation
A technique for spreading the expense of a physical asset evenly across its lifespan.
Depreciation Expense
An accounting method used to allocate the cost of a tangible asset over its useful life.
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