How to use double declining balance method of depreciation?

Question

Hazim Hassan, CMA, CIFR · Answer

Under the double declining balance method, double means twice or 200% of the straight line depreciation rate.

zakaria Mbarki · Answer

Double Declining Balance Depreciation Example

Straight-Line Depreciation Percent = 100% / 10 years = 10% / year.
Depreciation Rate = 2 x 10% = 20% / year.
Depreciation for a Period = 20% x Book Value at Beginning of the Period. Depreciation for Period 1 = 20% x $1,750,000 = $350,000