DOUBLE DECLINING BALANCE Method of Depreciation

In this video you'll learn how to use the Double Declining Balance Depreciation Method in Accounting. This an accelerated variable depreciation technique. Others depreciation methods include...

You'll find out what depreciation means and how it applies to Non-Current Assets like a Laptop. Then we'll cover a full worked example where you'll learn how to apply the Double Declining Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️

⏱️TIMESTAMPS
00:00 - Intro
00:10 - What is Depreciation?
00:21 - What is the Double Declining Balance Method?
00:34 - Example
01:07 - Step 1: Write Down What You Know
01:35 - Step 2: Build a Depreciation Schedule
01:59 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values
02:51 - How to Calculate Double Declining Depreciation Expense
05:15 - Double Declining Balance Depreciation Graph

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#accounting #accountingbasics #accountingstuff

[AccountingStuff]

Please let me know if you have any topic suggestions :)

TIMESTAMPS
00:00 - Intro
00:10 - What is Depreciation?
00:21 - What is the Double Declining Balance Method?
00:34 - Example
01:07 - Step 1: Write Down What You Know
01:35 - Step 2: Build a Depreciation Schedule
01:59 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values
02:51 - How to Calculate Double Declining Depreciation Expense
05:15 - Double Declining Balance Depreciation Graph

[lennyliqour]

McGrew-Hill Connect can pound sand. Figured out the question just from 3 mins of this vid vs 30 mins trying to understand what they put.This guy is where its at

[lailabel]

I don't know how to say thank you. Thanks to your videos, I got 98% in my first and second exams. I watched them all, and they helped me tremendously. You are one of the best teachers.

[michaelgonzalez]

James, CONGRATULATIONS!!! You are an excellent teacher, fun and very professional. Thanks for sharing. May GOD bless you !!!

[jaimeherrera]

You seem so motivated to make great YouTube video! I bet that burst of motivation come from spending years behind a office desk and just having enough. xD

[akshat]

2 videos in a week, , , James you are on fire🔥🔥

[johncena]

Great video!! I love the way you explain concepts using a story!! Thank you☺️

[amycanedo]

Thanks to your video I figured out what I was doing wrong for my double declining balance! Thank you!!!!🎉

[juliomelgar]

putting me through accounting class thank you!

[zoeblair]

James can I just say...you are bloody amazing! thankyou thankyou thankyou

[christinaahn]

So close to finishing! Thank you for another great video!

[Shi_Tzu_Lovers]

Hi James, I've been following all of your accounting videos lately and I'm proud to say that I'm learning a lot by the way what will happen to residue value?.

[zamf]

Hi James, great video again. One question: what happens after 5 years have passed? Do you stop depreciating it and consider it a fixed $194 value after that?

[samanthabrady]

Apologies if this is a bad question to ask but what assets of the company should this method be used for?

[swetapandya]

Hello James, Thank you for all the videos. It has really helped me a lot :) Can you please make a video on how to read and analyse annual reports?

[lazerchickenman]

You’re a life saver!!! my homework is due in 2 hours😂

[deependcuration]

Hoping you'll save my life for the Thursday exam bro

[mixrtraining-accountingfor]

You're such an inspiration Accounting Stuff, I now have an accounting tutorial because I applied what I have learned from you but I am focusing more in excel. Your way of teaching is superb. I want to grow in youtube like you. AND OF COURSE I need your confidence <3

[karenwhitesidewhite]

How do you determine which method to use for depreciation for a company’s assets

[erwinsmith]

Mate! This was Excellent! so simple and easy to comprehend