Double declining-balance method

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Double declining-balance method is an accelerated depreciation method that uses twice the straight-line rate multiplied by the book value of asset to calculate depreciation expense. Residual value is not subtracted from the cost of an asset in this calculation.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Double declining-balance method. An accelerated depreciation method that uses twice the straight-line rate multiplied by the book value of asset to calculate depreciation expense. Residual value is not subtracted from the cost of an asset in this calculation.

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