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DACCSYD |
Category: | Financial |
Syntax | |
Arguments | |
Details | |
Examples |
Syntax |
DACCSYD(p,v,y) |
Range: | y > 0 |
Details |
The DACCSYD function returns the accumulated depreciation by using the sum-of-years-digits method. The formula is
Note that int(y) indicates the integer part of y. The p and y arguments must be expressed by using the same units of time.
Examples |
An asset, acquired on 01OCT86, has a depreciable initial value of $1,000 and a five-year lifetime. The accumulated depreciation of the asset throughout 01JAN88 can be expressed as
y2=daccsyd(15/12,1000,5);
The value returned is 400.00. The first and the third arguments are expressed in years.
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