Double Declining Balance

Double Declining Balance means:
a method of depreciation for tax purposes whereby twice the straight-line rate is applied to the remaining depreciable balance of an asset. For example, Table 3 is a depreciation schedule for a property with a depreciable basis of $10,000 and a depreciable life of 5 years, using the double-declining-balance method.

See also other Tax Terms and Definitions in U.S.A.

declining-balance method; modified accelerated cost recovery system.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.