How to use double declining balance method of depreciation?

Question added by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co
Date Posted: 2017/09/02

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by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co

Under the double declining balance method, double means twice or 200% of the straight line depreciation rate.

by zakaria Mbarki , Sr Customer Service and Sales Specialist , Tad-beer

Double Declining Balance Depreciation Example

Straight-Line Depreciation Percent = 100% / 10 years = 10% / year.
Depreciation Rate = 2 x 10% = 20% / year.
Depreciation for a Period = 20% x Book Value at Beginning of the Period. Depreciation for Period 1 = 20% x $1,750,000 = $350,000

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