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DACCSL

DACCSL

Returns the accumulated straight-line depreciation

Category: Financial

Syntax
Arguments
Details
Example

Syntax

DACCSL(p,v,y)

Arguments

p
is numeric, the period for which the calculation is to be done. For fractional p, the depreciation is prorated between the two consecutive time periods that precede and follow the fractional period.

v
is numeric, the depreciable initial value of the asset.

y
is numeric, the lifetime of the asset.
Range: y > 0

Details

The DACCSL function returns the accumulated depreciation by using the straight-line method, which is given by

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The p and y arguments must be expressed by using the same units of time.

Example

An asset, acquired on 01APR86, has a depreciable initial value of $1000 and a ten-year lifetime. The accumulated depreciation in the value of the asset through 31DEC87 can be expressed as 


   a=daccsl(1.75,1000,10);

The value returned is 175.00. The first and the third arguments are expressed in years.


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