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General declining-balance depreciation schedule
Depreciation = depgendb(Cost, Salvage, Life, Factor)
Cost | Cost of the asset. |
Salvage | Estimated salvage value of the asset. |
Life | Number of periods over which the asset is depreciated. |
Factor | Depreciation factor. Factor = 2 uses the double-declining-balance method. |
Depreciation = depgendb(Cost, Salvage, Life, Factor) calculates the declining-balance depreciation for each period.
A car is purchased for $11,000 and is to be depreciated over five years. The estimated salvage value is $1000. Using the double-declining-balance method, the function calculates the depreciation for each year and returns the remaining depreciable value at the end of the life of the car.
Depreciation = depgendb(11000, 1000, 5, 2)
returns
Depreciation =
4400.00 2640.00 1584.00 950.40 425.60
depfixdb, deprdv, depsoyd, depstln
| | depfixdb | deprdv | |
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