declining-balance method

noun

Definition of declining-balance method

: a method of calculating periodic depreciation that involves the determining at regular (as annual) intervals throughout the expected life of an asset of equal percentage amounts of a cost balance which is progressively decreased by subtraction of each prior increment of depreciation from the original cost of the asset — compare straight-line method

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“Declining-balance method.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/declining-balance%20method. Accessed 25 January 2020.

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