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Double-Declining-Balance Method
An accelerated depreciation technique that depreciates assets faster than traditional straight-line depreciation.
Straight-Line Depreciation
Method that allocates the depreciable cost of an asset in equal periodic amounts over its useful life
Book Value
The net value of a company's assets as found on its balance sheet, calculated by subtracting total liabilities from total assets.
Depreciable Asset
An asset that loses value over time due to wear and tear or obsolescence, and its cost is allocated over its useful life through depreciation.
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