Double Declining Balance Method: A Depreciation Guide
In summary, the choice of depreciation method depends on the nature of the asset and the company’s accounting and financial objectives. The depreciation expense recorded under the double declining method is calculated by multiplying the accelerated rate, 36.0% by the beginning PP&E balance in each period. For reporting purposes, accelerated depreciation results in the recognition … Read moreDouble Declining Balance Method: A Depreciation Guide