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4) Date Placed in Service or Obsolescence: reduction in value once the asset is outdated. 4) Explain what double declining balance (DDB) depreciation is, and

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4) Date Placed in Service or Obsolescence: reduction in value once the asset is outdated. 4) Explain what double declining balance (DDB) depreciation is, and how it is/was used (its principal purpose). For taxes, what depreciation method has replaced it? IF

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