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Double Declining Balance
A method of accelerated depreciation which doubles the depreciation rate of the straight-line method, resulting in higher depreciation expenses in the earlier years of an asset's life.
Intangible Assets
Non-physical assets that hold value, such as patents, trademarks, and goodwill.
Intangible Assets
Non-physical assets that possess value due to their intellectual or non-material nature, such as patents, trademarks, and goodwill.
Depreciation Method
A systematic approach used to allocate the depreciable amount of an asset over its useful life, such as straight-line or declining balance methods.
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