Double Declining Balance

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August 31, 2024 4 min read Definitions

Double Declining Balance Method: Accelerated Depreciation Technique

Finance Accounting Depreciation Double Declining Balance Accounting Methods Financial Management Asset Management

An accelerated depreciation method which doubles the depreciation rate used in the straight-line method, offering a larger depreciation expense early in the life of an asset.

August 25, 2024 3 min read Definitions

Declining-Balance Method: Accelerated Depreciation Technique

Finance Accounting Accelerated Depreciation Declining-Balance Method Double Declining Balance Straight-Line Depreciation Asset Depreciation

The Declining-Balance Method is an accelerated depreciation technique where a percentage rate of depreciation is applied to the undepreciated balance rather than the original cost.