Declining balance method

A rapid Depreciation method in which a percentage rate is applied to the undepreciated Balance, rather than to the Original cost.

Related Terms: 4 Balance, Depreciation, ECI, Original cost

Other Related Pages: Category: Accounting Starting With: D

Additional Related Terms: Accelerated Cost Recovery System, Accelerated Depreciation, Accumulated depreciation, Acquisition cost, Adjusted balance method, Allowance for depreciation, Account balance, Adjustable rate, Average daily balance, Average daily balance method