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 formula.
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
Want to learn more? Check out more of our HSC Standard Maths resources here!