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Double-declining-balance Method
An accelerated depreciation method that doubles the depreciation expense compared to the straight-line method.
Depreciation Expense
Systematically dividing the expense of a tangible asset over the period it remains useful.
Scrap Value
The estimated worth of an asset's materials when the asset is deemed no longer useful and is intended to be disposed of or recycled.
Straight-line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.
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