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What is the double declining balance method of depreciation?

Accounting Financial Accounting
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Question added by Yazan Ahmad , programmer , wysada
Date Posted: 2017/01/17
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Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate
by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

 to make  200% straight line depreciation  

Robin George
by Robin George , Senior Business Development Manager , QualityKiosk Technologies Pvt. Ltd

Under the double declining balance method, double means twice or 200% of the straight line depreciation rate. Declining balance refers to the asset's book value or carrying value at the beginning of the accounting period. Book value is an asset's cost minus its accumulated depreciation.  

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