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:
Under the straight-line method of depreciation, one-fifth (1/5, or 20%) of the depreciable cost of the asset will be depreciated each year. Under the double declining balance method, however, 40% (2 Ã 20%) of the book value of the asset will be depreciated each year. Towards the end of its useful life, we are careful not to let the depreciation expense reduce the asset's book value below its estimated salvage value. For example: Year 1.