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Glossary > G > "General Depreciation System" Definition

General Depreciation System

The most commonly used system for calculating depreciation. Personal property is depreciated using the declining-balance method, which involves applying the depreciation rate against the undepreciated balance.

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General Depreciation System - The most commonly used system for calculating depreciation. Personal property is depreciated using the declining-balance method, which involves applying the depreciation rate against the undepreciated balance.

General Depreciation System : the most commonly used system for calculating depreciation. personal property is depreciated using the declining-balance method, which involves applying the depreciation rate against the undepreciated balance.