Examlex
George Fitzhugh
Double-Declining Balance
A method of accelerated depreciation where an asset’s book value is decreased at double the rate of its straight-line depreciation.
Straight-Line
A method of calculating depreciation or amortization by dividing the cost of an asset equally over its useful life.
Double-Declining Balance
A method of accelerated depreciation that doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.
Salvage Value
The projected value of an asset when it reaches the end of its functional lifespan.
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