depreciation_declining_balance
Calculate declining balance depreciation schedules for assets using accelerated write-off methods to determine annual depreciation expenses based on cost, salvage value, and useful life.
Instructions
Calculate declining balance depreciation schedule
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| cost | Yes | ||
| rate | No | Declining balance rate (e.g., 2.0 for double-declining) | |
| salvageValue | Yes | ||
| usefulLife | Yes |
Input Schema (JSON Schema)
{
"properties": {
"cost": {
"type": "number"
},
"rate": {
"default": 2,
"description": "Declining balance rate (e.g., 2.0 for double-declining)",
"type": "number"
},
"salvageValue": {
"type": "number"
},
"usefulLife": {
"type": "number"
}
},
"required": [
"cost",
"salvageValue",
"usefulLife"
],
"type": "object"
}