In school we were always taught to prove equivalence by splitting an equation into $LHS$ and $RHS$ and working with each side individually until $LHS = RHS$.
For example, prove:
$$2^{k + 1} - 2 = 2(2^k - 1)$$
Which could be done as follows:
$$RHS = 2(2^k - 1)$$
$$ = 2^1 \cdot 2^k - 2$$
$$ = 2^{k + 1} - 2$$
$$ = LHS$$
However, Wikipedia says (although it does not cite any sources):
This abbreviation is seldom if ever used in print; it is very informal.
Is Wikipedia correct, and if this is "very informal", what is the proper, 'formal' way to prove equivalence (without the $LHS$ and $RHS$ abbreviations)?