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:
If you take the original the cost of the asset (your purchase price), and subtract the accumulated depreciation, you get the book value or the carrying value of the asset. Accumulated depreciation is known as a contra-asset. This means that accumulated depreciation is an asset account with a credit balance.