Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
The first year depreciation under the method is $100,000 ($250,000 x 40%).
What Is the Double-Declining Balance (DDB) Depreciation Method?
The lowering balance technique, also known as the double-declining balance depreciation (DDB) approach, is one of two popular ways a company would often account for the cost of a long-lived asset.
When opposed to straight-line depreciation, which employs the same amount of depreciation each year during an asset's useful life, the double-declining balance depreciation technique accelerates depreciation and counts as an expense more quickly. Similar to the falling balance approach, the double-declining method doubles the rate of asset depreciation.
In commercial accounting, an accelerated depreciation computation known as the double-declining balance (DDB) approach is employed.
More specifically, compared to the conventional declining balance technique, the DDB method depreciates assets twice as quickly.
To learn more about Double-Declining Balance (DDB) from given link
https://brainly.com/question/28188015
#SPJ4
We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.
