Feb 24, 2021 19:44
3 yrs ago
22 viewers *
Spanish term

DBL

Spanish to English Bus/Financial Finance (general) Dollar savings account
11 18/01/21 DB 1.25-
Saldo 19600.48 DBL
12 20/01/21 CR 3000.00+
Saldo 22600.43 DBL
13 02/02/21 CR 5000.00+
Saldo 27600.48 DBL

Statement is from a Nicaraguan bank. Can't figure out 'DBL' Thanks in advance.
Proposed translations (English)
3 -1 double declining balance

Proposed translations

-1
9 hrs

double declining balance

Definition of Double Declining Balance Method of Depreciation
The double declining balance method of depreciation, also known as the 200% declining balance method of depreciation, is a form of accelerated depreciation. This means that compared to the straight-line method, the depreciation expense will be faster in the early years of the asset's life but slower in the later years. However, the total amount of depreciation expense during the life of the assets will be the same.
Peer comment(s):

disagree philgoddard : This is a bank statement.
12 hrs
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