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Double-Declining-Balance Method
A method of accelerated depreciation which doubles the straight-line depreciation rate and applies it to the asset's remaining book value each year.
Depreciation
The method of distributing the expense of a physical asset over its lifespan to represent its depreciation over time.
Residual Value
The estimated salvage value of an asset at the end of its useful life, representing what it could be sold for or would be worth at that future time.
Accumulated Depletion
The total amount of natural resource extraction charged as an expense over time to depreciate the asset's value.
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