How to Calculate Depreciation on the Diminishing Balance Method

The diminishing balance method, also known as the reducing balance method, is a depreciation method in which an asset loses a fixed percentage of its remaining book value each year rather than the original cost. This means the depreciation expense is higher in the early years of the assets life and decreases over time. The [...] The post How to Calculate Depreciation on the Diminishing Balance Method appeared first on Kahawatungu.