a company that uses a calendar year purchases an asset with a historical cost of $250,000, a residual value of $5,000 and an estimated life of 5 years. if the asset is acquired on january 1, 2016, the first-year depreciation under the double-declining balance method is:

The lowering balance technique, also known as the double-declining balance depreciation (DDB) approach, is one of two popular ways a company would often account for the cost of a long-lived asset.

When opposed to straight-line depreciation, which employs the same amount of depreciation each year during an asset's useful life, the double-declining balance depreciation technique accelerates depreciation and counts as an expense more quickly. Similar to the falling balance approach, the double-declining method doubles the rate of asset depreciation.

In commercial accounting, an accelerated depreciation computation known as the double-declining balance (DDB) approach is employed.

More specifically, compared to the conventional declining balance technique, the DDB method depreciates assets twice as quickly.

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