You know what it looks like… but what is it called?
TAKE THE QUIZ“declining balance”
We have one entry that includes the term declining balance.
declining-balance method
noun: a method of calculating periodic depreciation that involves the determining at regular (as annual) intervals throughout the expected life of an asset of equal percentage amounts of a cost balance which is progressively decreased by subtraction of each prior increment of depreciation from the original cost of the asset compare straight-line method
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Merriam-Webster unabridged
