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Accumulated Depreciation
A cumulative total of all depreciation expenses charged on an asset over its life up to a specific date.
Accumulated Depreciation
The cumulative amount of depreciation for an asset up to a single point in its life.
Double-declining-balance
An accelerated depreciation method that doubles the rate at which an asset's book value decreases, reflecting its quicker loss of value.
Second Year
Refers to the second year in a multi-year analysis, project, or financial statement reporting period.
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