The fixed-declining balance method computes depreciation at a fixed rate.

The double-declining balance method computes depreciation at an accelerated rate.

The fixed-declining balance method computes depreciation at a fixed rate.

The double-declining balance method computes depreciation at an accelerated rate.

The initial cost of the asset

The value at the end of the depreciation (sometimes called the salvage value of the asset). This value can be 0

The number of periods over which the asset is being depreciated (sometimes called the useful life of the asset)

The period for which you want to calculate the depreciation. Period must use the same units as life. Must be between 1 and life (inclusive)

(Optional) The rate at which the balance declines. If factor is omitted, it is assumed to be 2 (the double-declining balance method)

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2024