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:
As this is the double-declining depreciation method, the annual depreciation rate is double the straight-line rate: The annual depreciation is calculated by multiplying the net book value at the beginning of the year by the double-declining depreciation rate. The net book value to which the rate is applied will decline each year.