Definitions
There is 1 meaning of the phrase
Declining Balance Method Of Depreciation.
Declining Balance Method Of Depreciation - as a noun
A way of calculating the depreciation of an asset whereby one subtracts a certain percentage of its current value each year.
Example: "When using the declining balance method, the salvage value is not considered in determining the annual depreciation, but the book value of the asset being depreciated is never brought below its salvage value, regardless of the method used."
Synonyms (Exact Relations)
declining balance methodExample Sentences
"The declining balance method of depreciation is commonly used in accounting."
"Under the declining balance method of depreciation, the asset is depreciated by a fixed percentage each year."
"The declining balance method of depreciation is a more accelerated depreciation method."
"Companies often prefer using the declining balance method of depreciation for tax purposes."
"The declining balance method of depreciation allows businesses to deduct higher depreciation expenses in the early years."
Word Variations & Relations
A-Z Proximities
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declinistdeclinistsdeclinometerdeclinometersdeclivities
