Declining Balance Method Of Depreciation
The definition for Declining Balance Method Of Depreciation:
Depreciation by a fixed annual percentage of the balance after deducting each yearly depreciation amount.
Accrued DepreciationAccrued Depreciation
(1) The amount reserved each year in the accounting system for replacement of a building or other asset. (2) The useful life of a property at any given time.
Book DepreciationBook Depreciation
Depreciation reserved (on the books) by an owner for future replacement or retirement of an asset.
(1) Decrease in value to real property improve-ments caused by deterioration or obsolescence. (2) A loss in value as an accounting procedure to use as a deduction for income tax purposes.
Further Suggestions Double Declining Balance Method Of Depreciation
Recapture Of Depreciation
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