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DACCTAB |
Category: | Financial |
Syntax | |
Arguments | |
Details | |
Examples |
Syntax |
DACCTAB(p,v,t1, . . . ,tn) |
Details |
The DACCTAB function returns the accumulated depreciation by using user-specified tables. The formula for this function is
For a given p, only the arguments
need to be specified with
k=ceil(p)
.
Examples |
An asset has a depreciable initial value of $1000 and a five-year lifetime. Using a table of the annual depreciation rates of .15, .22, .21, .21, and .20 during the first, second, third, fourth, and fifth years, respectively, the accumulated depreciation throughout the third year can be expressed as
y3=dacctab(3,1000,.15,.22,.21,.24,.20);
The value returned is 580.00. The fourth rate, .24, and the fifth rate, .20, can be omitted because they are not needed in the calculation.
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