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Double-Declining-Balance
An accelerated method of depreciation which doubles the regular depreciation amount, reducing the value of an asset more quickly in its early years.
Depreciation Expense
The orderly apportionment of a tangible asset's cost over the duration of its use.
Residual Value
The estimated value that an asset will have at the end of its useful life, after depreciation has been taken into account.
Double Declining Balance
A method of accelerated depreciation which doubles the depreciation rate of the straight-line method, resulting in higher depreciation expenses in the earlier years of an asset's life.
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