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Units-of-Activity
A depreciation method that allocates an asset's cost based on its usage, activities, or units of production rather than the passage of time.
Double-Declining-Balance
A method of accelerated depreciation which doubles the rate at which an asset depreciates compared to the straight-line depreciation method.
Depreciation
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to usage, wear and tear, or obsolescence.
Accumulated Depreciation
The total depreciation amount that has been charged against a fixed asset's cost over its useful life to reflect wear and tear.
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