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One of the two accelerated depreciation methods is the declining balance method, which employs a depreciation rate that is at least a multiple of the straight-line method rate.
A type of declining balance method that employs double the normal depreciation rate is the double-declining balance (DDB) method.
The Double-Declining Balance (DDB) Depreciation Method: What Is It?
One of the two common approaches businesses take to account for the cost of a long-lived asset is the double-declining balance depreciation (DDB) method, also known as the reducing balance method. When compared to straight-line depreciation, which uses the same amount of depreciation each year over an asset's useful life, the double-declining balance depreciation method is an accelerated depreciation method that counts as an expense more quickly. Essentially, contrasted with the standard declining balance strategy, the twofold declining technique devalues resources two times as fast.
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