Reducing balance depreciation

Tax Accounting vs GAAP
Vocabulary Term #791
Verb (infinitive)
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UK
Reducing balance depreciation
USA
UK
a method which imposes a set rate of depreciation on the remaining balance of the asset
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UK
"The new premises cost $100,000 but as we will be using reducing balance depreciation over 5 years, the first year will cost us the most."
Accounting, Banking, and Finance dictionary
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