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The idea of polygenesis
Written Down
A term referring to an asset that has been depreciated or devalued on the financial statements.
Carrying Value
The amount an asset is valued at on a balance sheet, subtracting depreciation and amortization.
Value Recovers
The process by which the market value of an asset increases after a period of decline.
Double Declining Balance
A method of accelerated depreciation which doubles the straight-line depreciation rate, resulting in higher depreciation expenses in the early years of an asset's life.
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