DOUBLE DECLINING BALANCE Method of Depreciation

💥Depreciation Cheat Sheet → https://accountingstuff.com/shop

In this video you'll learn how to use the Double Declining Balance Depreciation Method in Accounting. This an accelerated variable depreciation technique. Others depreciation methods include...

▪ Straight Line Depreciation Method →    • STRAIGHT LINE Method of Depreciation ...  
▪ Double-Declining Balance Method →    • DOUBLE DECLINING BALANCE Method of De...  
▪ Sum of the Year's Digits Method →    • SUM OF THE YEAR'S DIGITS Method of De...  
▪ Units of Production Method →    • UNITS OF PRODUCTION Method of Depreci...  

You'll find out what depreciation means and how it applies to Non-Current Assets like a Laptop. Then we'll cover a full worked example where you'll learn how to apply the Double Declining Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️

🔗Full Depreciation Playlist →    • How to Calculate DEPRECIATION (Mini-S...  

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⏱️TIMESTAMPS
00:00 - Intro
00:10 - What is Depreciation?
00:21 - What is the Double Declining Balance Method?
00:34 - Example
01:07 - Step 1: Write Down What You Know
01:35 - Step 2: Build a Depreciation Schedule
01:59 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values
02:51 - How to Calculate Double Declining Depreciation Expense
05:15 - Double Declining Balance Depreciation Graph

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