Business / Finance / Double Dip: A method of recording accelerated depreciation. Also called the 200 percent declining balance method, this system applies twice the annual straight-line rate to the undepreciated balance of the asset's depreciable cost each year of the asset's useful life. For example, if the asset has a depreciable value of $1,000,000 and a useful life of five years, the double-declining balance method would record $400,000 of depreciation the first year, $240,000 the second year, $131,429 the third year, $114,286 the fourth year, and $114,285 the fifth year. See also straight-line method and sum of the years' digits.
Dip Verb Synonyms: decline, go down, fall, descend, sag, sink, subside, slump
Dip Noun Synonyms: lowering, sinking, depression, drop, slump, decline
Dip Adjective Synonyms: immerse, plunge, duck, dunk, douse, bathe, submerge
Double Adjective Synonyms: folded or doubled or bent over, overlapped, two-ply
Double Verb Synonyms: twofold, paired, coupled, duplicate(d), doubled
Entertainment / Basketball / Double Team: When two players from the same team move up to guard one offensive player it's called a double team. When two players cover an offensive player in a corner it's also known as a 'trap'. MORE
Science / Tides and Currents / Double Tide: A double-headed tide, that is, a high water consisting of two maxima of nearly the same height separated by a relatively small depression, or a low water consisting of two minima separated by a relati MORE