How to Calculate Double Declining Depreciation

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Hey Students! In today's video I show you super easy way on how to calculate Double Declining Depreciation. We tackle a quick short answer problem but I show you a secret way to easily calculate Depreciation Expense, Book Value, Accumulated Depreciation and more. Students love this method and I decided to share it with you. Happy Learning!

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Comment Below if you have any questions!

[Chekkles]

You literally explained how to do this whole thing in the first 4 minutes while my professor took two hour-and-a-half long classes to explain, and STILL didn't explain it well. Apparently the method he was teaching for the double-declining method was very ineffective, this helped me so much. Thank you!

[melikajones]

You are such a life saver my uni lectures aren't this helpful. THANK YOUUUU ;)

[glennzheng]

Such a great video! explained everything so clearly. a lifesaver for my coming midterm!

[jamisimpson]

Helped with my homework bigtime!! Thank

[monicarosenbaum]

This was great, thank you! Definitely cleared it up for me, I wish my professor made as much sense as you!! What would be the benefit of a company using a double-declining method over the straight-line method?

[Abdullahs_World]

Super Genius style of teaching! Superb!

[shailendermishra]

sir what abt residual or salvage value..do we need to minus it from actual cost or not..pls reply

[laniloveaj]

YOU MADE THIS SO SIMPLE. I HAD TO SUB!

[abdiduale]

Thank you so much. This has been a real help.

[siphamandlamfenqa]

Sir what about an asset bought during the year in diminishing method? Do we consider the number of months?

[Marc]

How would this work with a home business if you purchase a new boiler to heat the office space plus the home? Do you use double declining rate for the full amount of the replacement or the sq.ft used for 27.5 yrs??

[mohamedmadani]

Thanks sir, did you prepare us the gain and loss of the thing

[cascam]

at 3:53 you misspoke: It's $160K - $32K (not $132K)

[bismabee]

Why did you add accumulated depreciation in the cost whether you subtracted in the first year?

[abhishekabhiabhi]

Sir how to prepare contra entry in double column cash book

[francescotagliavento]

a company acquired a machine on 01.01.2013 at cost of 130, 000 and spent 2, 000 on its installations and 3, 000 on trasport. Life of the machienry is 10 years. The company uses the declining balance method of depreciation for machinery at 30% a year. the books of accounts are closed on the 31st december every year. what will be the depreciation charge for the year 2015(year 3)?
a)19, 845
b)28, 350
c)13, 500
d)88, 695
e) none of above answers is correct

Someone could help me?