Reducing balance depreciation

Tax Accounting vs GAAP
Vocabulary Term #791
Verb (infinitive)
US
UK
Reducing balance depreciation
US
UK
a method which imposes a set rate of depreciation on the remaining balance of the asset
US
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
Related vocabulary View Topical Reading Visit the Shop