Month: January 2021

If you need expert bookkeeping assistance, Bench can help you get your books in order while you focus on what’s important for your business. Once the asset is valued on the company’s books at its salvage value, it is considered fully depreciated and cannot be depreciated any further. However, if the company later goes on …

The Double Declining Balance Depreciation Method Read More »

The declining balance method is one of the two accelerated depreciation methods and it uses a depreciation rate that is some multiple of the straight-line method rate. The double-declining balance (DDB) method is a type of declining balance method that instead uses double the normal depreciation rate. In the case of an asset with a …

Double-Declining Balance DDB Depreciation Method Definition With Formula Read More »