Depreciation expense under the double-declining-balance method is equal to the book value of the asset at the beginning of the period multiplied by twice the straight-line depreciation rate.

Question

Quizplus · Accepted Answer

The double-declining-balance method doubles the straight-line depreciation rate and applies it to the book value of the asset at the beginning of the period. Therefore, the depreciation expense under this method is equal to the book value of the asset at the beginning of the period multiplied by twice the straight-line depreciation rate.

Depreciation Expense Under the Double-Declining-Balance Method Is Equal to the Book