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A Declining Balance Depreciation Calculator computes the depreciation expense of an asset using a method where the depreciation amount decreases over time. It factors in parameters such as the initial cost, salvage value, useful life, and depreciation rate to calculate the depreciation expense incurred each period. This tool aids in financial accounting by providing insights into the decreasing value of assets over time, particularly useful for assets that lose value more rapidly in their earlier years. https://calculatoruniverse.com/declining-balance-depreciation-calculator/

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