business accounting

07, 2021
Double declining balance method

Double Declining Balance Method: All You Need to Know

By admin | July 12, 2021 | Business

Double Declining Balance Method: Also known as the reducing balance method, a double declining balance is an accounting term. It refers to how you account for the expense of an asset. It is primarily used when you want to use an accelerated depreciation method. A very basic explanation of a double declining balance is that […]