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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.




Similar Matches

Accrued Depreciation

Accrued 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 Depreciation

Book Depreciation
Depreciation reserved (on the books) by an owner for future replacement or retirement of an asset.


Depreciation

Depreciation
(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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Declining Balance Method Of Depreciation
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