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Double declining balance method of depreciation is an accelerated depreciation method. It computes annual depreciation by multiplying the asset’s decreasing book value by a constant percentage rate i.e. two times the straight line depreciation rate.
The formula for double declining balance method of depreciation is -
Under
To determine:
We have to determine the
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ACCOUNTING PRINCIPLES 222 5/16 >C<
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
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