Examlex
Which of the following statements is false?
Double Declining-balance
A method of accelerated depreciation that doubles the straight-line depreciation rate.
Depreciation Expense
This refers to the allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during a fiscal period.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against an asset since it was put into service.
Straight-line Method
An accounting method for calculating depreciation by evenly distributing the cost of an asset over its useful life.
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