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:
This gives you the basic information that you need for a depreciation calculation but you still need to use a formula to get your answers. A straight-line calculation is not too bad but double declining-balance can be very tricky over the entire life of an asset.