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Instances where information that should have been included in a document or conversation was left out, either intentionally or unintentionally.
Declining Balance
Declining balance is a method of accelerated depreciation in which an asset's book value is reduced at a faster rate in the early years of its life.
Straight-Line
A method of calculating depreciation of an asset where the asset's cost is evenly spread over its useful life.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.
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