The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.
- Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP).
- The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived.
- The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two.
- The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.
<h3>Is double declining balance a method of straight-line depreciation?</h3>
- The straight-line depreciation technique, another and arguably even more frequent type of depreciation, depreciates an asset's value at a rate that is half that of the DDB depreciation method.
<h3>What is double declining balance depreciation method?</h3>
- A type of accelerated depreciation method called the double-declining balance method doubles the rate at which an asset's value depreciates compared to the straight-line approach.
- Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.
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Answer and Explanation:
The computation is shown below:
a. The percentage of loss covered is
= Bought price of insurance policy ÷ purchase price × 100
= $160,000 ÷ $178,000 × 100
= 89.89%
b. The dollar amount of loss covered is
= Percentage of loss covered × suffered amount
= 89.89% × $23,000
= $20,674.70
c. For reimbursement of the fire loss the amount should be equal to the replacement cost of the home i.e $300,000. It is fully reimbursed
We simply applied the above formula
More advantages when domestic monetary and political institutions are not conducive to good monetary policy making.
The
thing that must occur in the muscle to increase tension so he can pick up this
heavy piece of furniture will be <span>recruitment of additional motor units.
Jorge need to recruit additional motor units so that he can carry / pick up his
sofa and his muscle will increase its tension so he can pick up his heavy sofa.</span>
Answer:
Leaders are made
Explanation:
That's why we have an education system, to give people the training and knowledge they need to pursue their passions.
Certainly, people can be born with traits that can give them advantages in a leadership profession but ultimately, leaders are made.
