Examlex
It is good practice to put on each page of each type of document: any of the following except
Carrying Value
The amount an asset is valued at on a balance sheet, subtracting depreciation and amortization.
Value Recovers
The process by which the market value of an asset increases after a period of decline.
Double Declining Balance
A method of accelerated depreciation which doubles the straight-line depreciation rate, resulting in higher depreciation expenses in the early years of an asset's life.
Depreciation Rate
The rate at which an asset's value is reduced over time for accounting and tax purposes.
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