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:
To record depreciation expense Note that after recording the 19X6 depreciation expense, the balancein Accumulated DepreciationâEquipment is $2,000 ($1,000 deprecia-tion for 19X5 + $1,000 depreciation for 19X6).epreciation for each asset is usually calculated separatelyand is based on four factors:a. the assetâs cost; b. the assetâs estimated life; c. the assetâs residual value (its book value after being fully depreciated); andd. the method of depreciation selected.