Question

What is Reducing Balance method​

Answer 1

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The reducing-balance method, also known as the declining-balance method, in the initial years of an asset's “service.” As with the straight-line method, you apply the same depreciation rate each year to what's called the “adjusted basis” of your property.

Answer 2

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Reducing balance depreciation is a method of calculating depreciation whereby an asset is expensed at a set percentage. Reducing balance depreciation is also known as declining balance depreciation or diminishing balance depreciation.