Double Declining Balance Depreciation Method

[@sharr911]

Your content is criminally underrated. Thanks for all you do for so many!

[@Edspira]

Thank you so much for the kind words! I'm so glad you found the videos helpful. I hope your life and career are going well, and that you achieve all of your hopes and dreams!

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i would've failed legit without this guy

[@thekingsman9296]

I’m going to tell my kids that you were the man who helped me pass my first semester in college and therefore graduate college.

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this man is a straight homie and I would’ve failed accounting without him

[@MisterMeatBall100]

This video way more helpful than my shitty WileyPlus textbook

[@omarsarfraz8124]

Wiley is so shit!

[@lipstickaddict4773]

bro i hate wiley

[@PixieePinkk]

and we gotta pay for that shit

[@daisyxgarcia]

I’ve spent hours trying to look for the way to solve accumulated depreciation and no articles online show how!! They only show how to find the expense. Thank you soooo much!!!

[@brandonnickel8313]

Wow I’m 3 days away from taking my first attempt at the FAR CPA and I’ve watched so many videos of you that are really aiding my review! Thank you!!! I watched most of your inventory videos, all those were great as well. Your use of different colors as you explain concepts is much appreciated for us visual learners! And you hit a lot of cpa talk points.. not sure if that’s on purpose. I’m going to just keep on watching all your videos before I take this exam!

[@Edspira]

No problem, I hope you ace the exam!

[@whyanything3879]

Thanks soooo much!!!! Your step by step instructions are EVERYTHING!!!!! No one breaks anything down anymore they just assume you know. I was about to drop out of my accounting class and this is my SECOND time taking the class. I couldn’t understand the first time NO one helped. I wish I found this first. Thank you Jesus!!!!!

[@MichaelOnRockyTop]

I cant begin to thank you for how much help you've given me. You are the only channel where I can find help with almost every accounting concept thus far in my degree.

[@DrewTyler15]

Your videos are extremely helpful dude

[@rooseveltoverton9706]

After an hour of trying to figure this out for my online class Here i am at 5am ! This was clutch 🙌..... now i can finally sleep..... Thank you

[@neidyv]

truthfully, for me your method has been deemed favorable! Easiest and least confusing video I've found on this subject. Thanks!!!!!

[@antonioromero878]

EDSPIRA the man the myth the legend

[@Edspira]

😂

[@mayojuno]

thank you! i always had trouble understanding the calculation of the rate (what it is, why it's needed, etc.). this is the only time i've ever understood both the method and the underlying reasoning at the same time!

[@djwhitt7]

Thank you! This helped more than my text book. I wasn't sure what to do if after the calculated years ended with more than the salvage value, so glad you explained that.

[@Edspira]

+Debbie Jean Whittington I'm glad the video helped! Some textbooks only serve to increase confusion :)

[@missige]

Your explanation was awesome! I love how you made it possible for me to pull it all together. Thank you for this tutorial.

[@amitkharel329]

Someone give this guy, some type of award for helping students

[@MyFinancialFocus]

Super interesting. I love how creative the accounting can get with depreciation.

[@debapriyaguha7594]

legit the best explanation for DDB method i found on youtube!

[@Misakisama1516]

Thank you so much for explaining this so clearly!! Taking ATCG 102 for my last semester of college and tbh this was one formula I wasn't understanding very well, now I do thanks to this video. This channel rocks!! =)

[@nightthemare4742]

Amazing! Thanks God that world has people like you. Thanks!

[@critiquemydecor6801]

I don't know who you are, but you are helping me with accounting. I appreciate the videos.

[@koim1568]

this is so much easier than whatever my textbook was telling me to do thank you so much

[@LorenaMartinez254]

watching this minutes before i have to take my accounting exam. thank you so much for this!

[@angelastewart-rodney8402]

You are awesome. Your explanations are easy to follow.

[@Edspira]

Glad you like them!

[@almusaitirarahaman3469]

You just saved my goodnight sleep.It was extremely helpful brother.

[@Edspira]

Glad I could help!

[@alexsandoval8304]

Thanks for helping me prepare for my exam.

[@adultshark166]

Imagine a free KZbin video explains it better than a professor which I paid $20,000 per semester to attend. Down bad.

[@marielsupenia4871]

Thank you for explaining the Double Declining method. Your video was very easy to understand and helpful.

[@pamelalylemba9718]

Best video that gives good examples and explanations. Thanks!!!!

[@Starfish1031]

you make accounting simple and easy to grasp!! thank you!!

[@HumaZile-rq4ny]

thanks sir , this lecture is so helpful to me

[@kyunghoonlee6732]

Super thanks from South Korea

[@mojanviana3944]

This channel always help me on my accounting subjects. Ill definitely follow this

[@nicolas9628]

Thank you very much from France, maybe i'll pass my exams thanks to you :)

[@georgeayoti1245]

thank you Prof. B. Leblanc

[@davidc7660]

Isn't Straight line formula (50,000-4,000)/5?

[@gracegirl14]

+David C I noticed that too.

[@alijalali2276]

+David C He said never mind the SV for now, and plus it does not change the %. and as he mentioned it does not have to be exact the double of straight line! it could be triple!

[@GotWhaleTale]

+gracegirl14 lol didn't bother to listen at all he said ignore the sv because if you do you assume it to be zero and there for he is right 50k/5yr, he is teaching hence why he is keeping it as simple as he can

[@MADRIDESTAish]

+David C Yup that's what I know

[@Jacob-ry3lu]

You're right. Declining balance method ignores salvage value in the initial calculation and then adjusts the last depreciation calculation to bring the book value equal to salvage value.

[@zoesuss20]

u just saved my life homie

[@Edspira]

😀

[@myonghoson7288]

Perfect great! now i fully understand about Sum of the Year Digit. Thanks professor!

[@loshay5638]

Not all hero’s wear capes. Thank you!!

[@TheHeymanSOS]

Very clear tutorial, thanks a lot!

[@Edspira]

Thanks for watching Li!

[@evandadey2679]

Thanks a ton this is extremely helpful!

[@Edspira]

Glad it was helpful!

[@nadimbenmusa4716]

big man tng here you is a king

[@arkinyte13]

Thank you so much, this’ll help me with my exam.

[@mirandayoung9096]

This really helped me !!! Thanks!!!

[@slzsheryar119]

Really helpful ❤

[@Ivyana5]

Thank you! Very clear and well explained!

[@SandrisInvestments]

Yes, this is explained very well, thank you!

[@hottest256]

you saved my life =((( thank you so much 😚

[@Edspira]

+Thy Pham No problem! Best wishes :)

[@missige]

How did you determine the capped value of 2,480?

[@peytont9337]

Thank you so much, your videos are extremely helpful!!

[@drayday3142]

thank you so much for this. helped out alot

[@wazhmasafi3624]

Thanks for uploading such a helpful video

[@coolanthems2013]

Awesome video man! thanks so much

[@shanebuerster497]

Very Helpful, Sir! Thank You!

[@Edspira]

+Shane Buerster Sure thing! Best wishes :)

[@teweldeokubay8326]

I found it very helpful xxx

[@maryumrajput7346]

You save me sir love you so much keep doing

[@sjoerdjansen]

It is possible to calculate the Double declining rate much faster and easier though! Instead of first calculating the Single declining rate and double that, you can also devide 1 / by useful life x 2. (the 1 meaning 100% and the uselife life measured in years) In your example you would get (1/ 5) x 2 x 50.000 = 20.000 which is easily typed in your calculator at once:) Thanks for your explanation though!!!

[@letran1644]

thank you! very helpful.

[@Edspira]

My pleasure! Good luck with your classes!

[@VallenciaLisa]

thanks for ur explain ... very helpful ... :)

[@Edspira]

+Vallencia Lisa Sure thing! Best wishes :)

[@sarakarimi1572]

you are the best

[@theoldschooldiva374]

Very helpful, thank you!

[@oscarsolano21]

Very helpful!!!!

[@suelviadomingos5411]

I have a quick question, I saw online that DDB is also known as Reducing balance method, which is the same as Diminishing balance method, is this true or was I mistaken?

[@darodism]

Great video thanks.... I had to watch this last minute and was able to understand it easily.... Wondering if I should steal you as a professor... Thanks again

[@अंकितकुमार-श6ष]

Greatest vedio

[@Arefin360vlog]

nice tutorial. thanks

[@yellca]

This is awesome thank you!!!!!

[@mdsaifulalam2752]

tnxxxx a lot... i was screwed up.....but u save me...

[@ethiamiehills6615]

Well explained sir, but could you please help me understand on how you're getting Deprecation expense for the last year, that's the only part I want to know

[@mscardioqueen]

Thank you!

[@tomallen6356]

Nice job. thanks.

[@KickWins01]

God bless 🙌

[@brandoncuevas4419]

Preciate the help!

[@eringirl77]

Thank you so much!

[@miguelchavez8781]

Dude thank you

[@yeasminkamal9200]

Thanks 😇😇😇😇😇

[@hariharthapa5059]

Thank u very much

[@loraengdahl4834]

Thank you this was helpful BUT the the straightline example very conveniently used as an example a purchase made on January 1. So at the end of the year you get the full year. What about if the purchase was made months into the year? Do you have to account for that somehow?

[@kittenmimi5326]

Just divide the depreciation value that year by the number of months? Like if one year the depreciation is 10000 then half year is 5000...

[@koldkutz7357]

Hi! Thank u this vid rlly helped me a lot. was wondering what if the book value was actually HIGHER than the estimated salvage value? Do we do the same process or we leave it alone. Thanks! Appreciate a reply..thanks

[@ashleybobbitt1111]

Thank you.

[@hihohuhu2280]

Is the salvage value always given?? Or is there any specific formula to get it?? Thanks in advance

[@Edspira]

There is no formula for salvage value. The company has to estimate what they think the asset will be worth at the end of its useful life. If it's difficult to determine a salvage value, or if the salvage value is expected to be minimal, then it isn't necessary to include a salvage value in depreciation calculations. Instead, you'd simply depreciate the entire cost of the asset over its useful life. Any proceeds from the sale of the asset would then be recorded as a gain.

[@hihohuhu2280]

@@Edspira woah!!! that was fast!!!! Thanks man!! Really appreciate it!!! 👌👊👊👊👌

[@K.E.U.]

Thank you so much!!!! Imma win UIL accounting regionals for you!!!

[@sasosaso5995]

Thanks

[@kamranohri5074]

On January 1, 2015, Hydri Construction acquired a small excavator for $.85,000. This device had a 4-year service life. It is expected that the equipment will be sold for $.10,000 salvage value at the end of 4 years. The company uses the double-declining balance depreciation method required; Prepare a schedule showing annual depreciation expense, accumulated depreciation

[@reemhesham7139]

thank you!!

[@bolditdeng5079]

I got lost at the end. Where did you get 6480?

[@bickromsahamithu7193]

for finding the straight-line rate shouldn't it be (50000-4000)/(5*50000) *100 =18.4% ?

[@defrte]

So of the straight line, double declining and sum of the year digits, double declining balance is the only one where you update the cost every 12 months?

[@RandySinurat]

Thank you for the tutorial, sir. What if the depreciation is monthly based instead of yearly depreciation?

[@Jacob-ry3lu]

Just always divide by the useful life in terms of reporting periods. If the useful life is two years but reported on a monthly basis, that's 24 reporting periods. If reported on a yearly basis it's just 2 periods.

[@collegeguy799]

yes

[@jgb5699]

perfect vid

[@patriciapascua1516]

What type of business use this methods ?

[@TrickysBen]

This is Single declining balance, as the S-L Rate is 1/n. Were this a double declining balance problem, the S-L Rate would have been 2/n = 40%. This is a major overlook.

[@cjflamebolt]

r

[@literallynoname]

I wish this guy was my professor since mine doesn’t know how to teach

[@Edspira]

😀

[@gemedahajihajikebeto349]

This good

[@hodanhayaan121]

thanks mudane

[@priyankamane5581]

When rate of depreciation is given in the question for double declining method so whether to use it or calculate as you calculate

[@MadaoIsTaken]

Is double declining and declining balance method the same?

[@Nisa-ch3bp]

Can i ask if a question state expenses ,do the beg bv just use cost or use coa,which is cost price + other expenses