English version

double declining balance

From Longman Business Dictionary
Related topics: Finance
double declining balanceˌdouble ˌdeclining ˈbalance ACCOUNTING a method of calculating DEPRECIATION (=the gradual loss in something’s value) where twice the normal rate is subtracted in each period of time. For example, for an asset depreciated over five years, 40% of its remaining value is depreciated each year, not 20%. balance
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