What is declining balance depreciation?
Declining Balance Depreciation occurs when the value of an object decreases over time, often by a fixed percentage. The following video explains how declining balance depreciation works in HSC Standard Math.
The Declining Balance Depreciation Formula
The following video introduces the declining balance depreciation formula.
Examples of Declining Balance Depreciation
The following videos explain:
- Salvage Value: The resale value of the asset
- Purchase Price of a Car: The price the car was bought for
- Determine the % of Depreciation: Determine how much the asset has depreciated in value as a percentage