Residual value is ignored under double-declining-balance depreciation except for the final year.

Name: Residual value is ignored under double-declining-balance depreciation except for the final year.
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Double-declining-balance depreciation is a method that allocates a larger amount of depreciation expense in the early years of an asset's life and gradually decreases in subsequent years. Under this method, residual value is taken into account only in the final year of the asset's useful life.

Residual Value Is Ignored Under Double-Declining-Balance Depreciation Except for the Final