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:
Calculate annual depreciation, using double declining balance, assuming the company plans to keep the vehicle for five years. Since this asset has a five-year life, the percentage used is 40%. We will multiply the book value by this percentage.