Another key difference is that depreciation often uses accelerated methods, such as double-declining balance. This allows ...

In addition, there is another technique called the double-declining balance method that allows for an asset to be depreciated even faster, based on its straight-line depreciation amount multiplied ...

Impairment, on the other hand, is the sudden and often significant reduction in the value of an asset. Unlike depreciation, ...

Many equipment-leasing agreements have a clause providing for what's known as a "depreciation reserve." This consists of setting aside money commensurate with the declining value of the vehicle.