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:
At the end of Year 2, the difference in the tax basis and the. book basis of the equipment is $22,400, reï¬ecting cumulative differences in depreciation for the two years. The required balance in the Deferred Tax Liability account is $8,960 (= .40 â $22,400).