Double-declining balance is an accelerated method of calculating depreciation where salvage value is NOT part of the initial computation.

Name: Double-declining balance is an accelerated method of calculating depreciation where salvage value is NOT part of the initial computation.
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Question

Quizplus · Accepted Answer

Double-declining balance method calculates the depreciation at a faster rate than straight-line method and salvage value is not considered in the initial computation.

Double-Declining Balance Is an Accelerated Method of Calculating Depreciation Where