The declining balance method is an accelerated depreciation system of recording larger depreciation expenses during the earlier years of an asset’s useful life. The system records smaller ...

The annuity method of depreciation is a process used to calculate depreciation on an asset by calculating its rate of return—just as if it were an investment. It is commonly used with assets ...

If you’re not sure which depreciation method to use for each of your assets, your accountant can be a great resource. Depreciation is an accounting method that spreads the cost of an asset over ...

A simple way to account for such wear is the straight line depreciation method, which spreads the cost of an asset evenly over a sensible number of years. For example, a brand-new Toyota Corolla ...