Included are entries from a journal kept by a reporter for the Oquawka Spectator newspaper who traveled with one of the wagon trains, which apparently both departed from Oquawka on the 25th of March, 1850.
The double declining balance depreciation method is an accelerated depreciation method that counts twice as much of the assetâs book value each year as an expense compared to straight-line depreciation. The formula is:
Ending book value in one year is the beginning book value of the next. For the most part, the annual depreciation will stay the same each year, but the accumulated depreciation will add up over time. Notice in 2002, the accumulated depreciation is the total of the first two years depreciation ($200 + $200 = $400).