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).
A PDF document can be created from these details by clicking the "Create PDF" button.
Depreciation amount = asset value multiplied by the annual percentage
Balance is the asset value minus the depreciation value
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