Fixed-Percentage-Of-Declining-Balance Depreciation
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Description
An accelerated method of depreciation in which the rate is a multiple of the straight-line rate and is applied each year to the undepreciated cost of the asset. The most commonly used rate is double the straight-line rate.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Depreciation#Declining Balance Method
Learning Material
Covered in Topic(s)
| Plant & Intangible Assets |