Definitions for "Declining balance depreciation"
A method of depreciation by which each year's depreciation is a percentage of the reduced basis of the asset. In general, the declining balance rate may be 200, 150 or 125 percent of straight-line depreciation.
A type of accelerated depreciation in which a constant percentage of an asset's declining, or remaining, basis is expensed each year.
An accelerated method of depreciation used for tax purposes, whereby a percentage of the straight-line depreciation is taken from a constantly declining balance.