BabelNet

bn:26691305n

Noun Concept

declining balance method declining balance method of depreciation

A way of calculating the depreciation of an asset whereby one subtracts a certain percentage of its current value each year. Open English WordNet

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A way of calculating the depreciation of an asset whereby one subtracts a certain percentage of its current value each year. Open English WordNet

When using the declining balance method, the salvage value is not considered in determining the annual depreciation, but the book value of the asset being depreciated is never brought below its salvage value, regardless of the method used. Open English WordNet

IS A

depreciation

CATEGORY DOMAIN

accounting

Open English WordNet

declining balance method of depreciation, declining balance method