Double Declining Balance Depreciation Calculator

Double Declining Balance Depreciation Calculator

Double Declining Balance Depreciation Calculator

Double Declining Balance Depreciation Calculator

Component Description
Cost of Asset The initial cost of acquiring the asset.
Salvage Value The estimated residual value of the asset at the end of its useful life.
Useful Life The duration over which the asset is expected to be used.
Depreciation Rate The rate at which the asset is depreciated, usually double the straight-line rate.
Book Value The value of the asset at the beginning of the period.
Depreciation Expense The depreciation expense for the period calculated using the double declining balance method.
Formula Depreciation Expense = (Book Value at Beginning of Year) × (2 / Useful Life)
Purpose Used to accelerate the depreciation expense for assets, reflecting higher depreciation charges in the early years of an asset’s life.

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