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Double-Declining-Balance Rate
A method of accelerated depreciation which doubles the rate at which an asset’s book value is depreciated compared to straight-line depreciation.
Double-Declining-Balance Depreciation
An accelerated method of depreciation where an asset's book value is decreased at double the rate of straight-line depreciation.
Straight-Line Depreciation
A technique for distributing the expense of an asset equally over its lifespan.
Book Value
A financial metric that calculates the net asset value of a company's assets minus its liabilities, representing the shareholders' equity value in accounting terms.
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