Declining Balance Method

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Declining Balance Method

Description and Definition of Declining Balance Method

A method of depreciation which uses a constant percentage based upon the useful life of the asset. The percentage is applied to the adjusted basis of the asset each year to determine the deduction.

Resources

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Further Reading

Related Entries in the American Tax Encyclopedia:

  1. Accounting Method
  2. Straight Line Depreciation Method
  3. Double Declining Balance
  4. Accrual Method
  5. Cash Method
  6. Crop Method
  7. Percentage-of-completion/capitalized Cost Method
  8. Annualized Income Installment Method
  9. Percentage Depletion
  10. Depletion
  11. Percentage-of-completion Method
  12. Specific Identification Inventory Valuation Method
  13. Depreciation
  14. Percentage Depletion Method
  15. Decuning-balance Method
  16. Wage Bracket Method
  17. Modified Accelerated Cost Recovery System
  18. Gross Profit Percentage
  19. Completed-contract Method
  20. Accelerated Depreciation
  21. Asset
  22. Base Stock Inventory Method
  23. Capital Asset
  24. Balance Sheet
  25. Trial Balance

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