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Global variables are initialized to zero by default.
Book Value
The value of an asset as it appears on the balance sheet, determined by cost minus accumulated depreciation.
Depreciable Cost
The cost of an asset that is subject to depreciation over its useful life, excluding any salvage value.
Double-Declining-Balance Rate
A method of accelerated depreciation where an asset's book value is reduced at double the rate of its straight-line depreciation each year.
Double-Declining-Balance Depreciation
A method of accelerated depreciation that applies twice the normal depreciation rate on the declining balance of an asset.
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