The 150%-declining-balance technique will be utilized to arrive at the total amount of depreciation for the office building in 2016. To begin, we have to determThe 150%-declining-balance technique will be utilized to arrive at the total amount of depreciation for the office building in 2016. To begin, we have to determine how much the entire office building will set us back. The overall cost comes to P2,096,000, which is comprised of the following components: the value of the land (P1,500,000), the value of the building (P300,000), the cost of razing the building (P225,000), and the cost of construction (P36,000 + P285,000). We can determine the depreciation for the office building in 2016 based on the overall cost, which is presented here. Multiplying the total cost by the depreciation rate of 150% and dividing that result by the asset's anticipated lifespan results in the depreciation being determined (40 years). As a result, the depreciation of the office building for the year 2016 is P2,096,000 multiplied by 150% and then divided by 40, which equals P99,197.ine how much the entire office building will set us back. The overall cost comes to P2,096,000, which is comprised of the following components: the value of the land (P1,500,000), the value of the building (P300,000), the cost of razing the building (P225,000), and the cost of construction (P36,000 + P285,000). We can determine the