*Also known as a Percentage Depreciation Calculator*

Declining balance depreciation is where an asset loses value by an annual percentage.

For example, if an asset is worth 10,000 and it depreciates at 10% per annum,

At the end of the first year the depreciation amount is 1,000 (10,000 x 10 %) and the balance is 9,000 (10,000 - 1,000)

This balance is carried forward, so the next year the depreciation value is 900 (9,000 x 10%) and so on.

There is an option to add the results to a table for comparision.(the table appears the first time you click the button).

*Depreciation amount = asset value multiplied by the annual percentage*

*Balance is the asset value minus the depreciation value*

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