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:
The advantage of the declining balance method is a larger amount of the cost is recovered in the early years of life compared to the straight line method. The straight line method of depreciation would allow $800 of depreciation to be used annually over the 25 years of expected useful life. Under the declining balance method the depreciation taken each year is subtracted from the remaining unrecovered cost (basis) of the property before figuring next year's depreciation.