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Murphy v.Waterfront Commission held that
Double-Declining-Balance
An accelerated method of depreciation where the asset's book value is decreased at double the rate of traditional straight-line depreciation.
Scrap Value
The expected financial return on an asset when it is sold after its useful life has ended.
Equipment
Tools or machines required for a specific task or operation, typically in industry, business, or sports.
Straight-Line Method
A method of calculating depreciation of an asset, which divides the difference between its cost and salvage value by the useful life of the asset.
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