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!

[@anal927]

I so appreciate how you take your time, and step by step and boom I understood.

[@melikajones7884]

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

[@glennzheng3111]

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

[@monicarosenbaum2644]

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?

[@siphamandlamfenqa6652]

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

[@Abdullahs_World]

Super Genius style of teaching! Superb!

[@shailendermishra7900]

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

[@jensgotit]

when using this method you don't minus the residual cost.

[@abdiduale9161]

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

[@diamaral3035]

Thank you so much for the video!!!!

[@NcGamingCreations]

Thanks for the help!

[@jamisampson2133]

Helped with my homework bigtime!! Thank you!!!!!

[@Accountinguniv]

Happy to help!

[@ws6303]

Good ! helpful and useful video

[@laniloveaj]

YOU MADE THIS SO SIMPLE. I HAD TO SUB!

[@Accountinguniv]

More videos coming soon!

[@norlainiindol9314]

Thank you i get to to learn more

[@abhishekabhiabhi8227]

Sir how to prepare contra entry in double column cash book

[@janemargaretmceachin6398]

Thank you!!

[@sandramunyinda5954]

Thank you 💞

[@88Factor]

Thanks, this was really helpful.

[@Accountinguniv]

Glad it was helpful! bit.ly/secret-video-vault-free

[@agriyaaaa1228]

thankyou so muchhh

[@andreadiscua5691]

This video saved me, thanks!!

[@Accountinguniv]

Glad it helped!

[@Marc8832]

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??

[@Accountinguniv]

Great question. I would advise depreciating over the life of the boilerr with the straight line method. With double declining, you apply that to assets that will be used aggressively in the first couple of years.

[@mohamedmadani220]

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

[@Accountinguniv]

Great question! Will create another video soon

[@bismabee7882]

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

[@Accountinguniv]

Accumulated Depreciation is the sum of depreciation expenses. So add up all depreciation expenses to get current balance of accumulated depreciation. Then you take accumulated depreciation and subtract from original cost of asset to arrive at book value.

[@Hemalatha-yi6hf]

Ohh lovely .....comprehende😚😚😚👍👍👍👍👍👍

[@mdmoinulislam847]

Awesome

[@223554545]

easy !

[@francescotagliavento8081]

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?

[@mrrobot4840]

THANK YOU you are my god father

[@malumcastroes4182]

b. Sum of the years’ digits

[@cascam1]

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

[@SpeedyPerkins88]

Thought i was the only one

[@stevenseagal4987]

that handwriting lol

[@Accountinguniv]

X. Y. Thanks! Didn’t major in handwriting but I do know a lot about Accounting :)

[@precisiont5188]

Your handwriting is not legible.

[@veronicabharwani9397]

No its not. And n GREEN ink? Seriously?

[@Accountinguniv]

Thanks for the feedback! bit.ly/secret-video-vault-free