Chapter Contents |
Previous |
Next |
DACCDB |
Category: | Financial |
Syntax | |
Arguments | |
Details | |
Examples |
Syntax |
DACCDB(p,v,y,r) |
Range: | y > 0 |
Range: | r > 0 |
Details |
The DACCDB function returns the accumulated depreciation by using a declining balance method. The formula is
Note that int(p) is the integer part of p. The p and y arguments must be expressed by using the same units of time. A double-declining balance is obtained by setting r equal to 2.
Examples |
An asset has a depreciable initial value of $1000 and a fifteen-year lifetime. Using a 200 percent declining balance, the depreciation throughout the first 10 years can be expressed as
a=daccdb(10,1000,15,2);
The value returned is 760.93. The first and the third arguments are expressed in years.
Chapter Contents |
Previous |
Next |
Top of Page |
Copyright 1999 by SAS Institute Inc., Cary, NC, USA. All rights reserved.