The double declining balance method can be used for intangible assets.

Intangible assets (IntangibleAssets) refer to identifiable non-monetary assets that have no physical form. Intangible assets can be divided into broad and narrow senses. Intangible assets in a broad sense include financial assets, long-term equity investments, patent rights, trademark rights, etc., because they do not have physical entities, but are expressed as certain legal rights or technologies. However, in accounting, intangible assets are usually understood in a narrow sense, that is, patent rights, trademark rights, etc. are called intangible assets.

The double-declining balance method refers to multiplying the opening net book value of fixed assets in each period by a fixed percentage to calculate a portion of the depreciation amount without considering the estimated residual value of the fixed assets. A method of accelerating depreciation.