To calculate the declining balance depreciation use the following formula:
? $$\text { Declining Balance Rate } = \frac { 1 } { \text { Useful Life } } \times \text { Multiple }$$ Then multiply the declining balance rate by the current value of the asset.

Question

Quizplus · Accepted Answer

The formula for the declining balance rate is indeed $\frac{1}{\text{Useful Life}} \times \text{Multiple}$, and to calculate depreciation, you multiply this rate by the current value of the asset.

To Calculate the Declining Balance Depreciation Use the Following Formula Declining Balance Rate =1 Useful Life × Multiple \text { Declining Balance Rate } = \frac { 1 } { \text { Useful Life } } \times \text { Multiple } Declining Balance Rate = Useful Life 1​× Multiple

To Calculate the Declining Balance Depreciation Use the Following Formula $\text { Declining Balance Rate } = \frac { 1 } { \text { Useful Life } } \times \text { Multiple }$