Meaning of “double declining balance method” in the English Dictionary

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"double declining balance method" in Business English

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double declining balance methodnoun [ S ]

uk us also double declining balance, also double declining balance depreciation method, also 200 percent declining balance method ACCOUNTING

the method of calculating the loss in the value of an asset over its useful life in which twice the usual rate is subtracted each accounting period:

The double declining balance method is an accelerated method since a large part of the cost is expensed at the beginning of the life of the asset.

(Definition of “double declining balance method” from the Cambridge Business English Dictionary © Cambridge University Press)