DACCTAB

DACCTAB

Returns the accumulated depreciation from specified tables

Category: Financial

Syntax
Arguments
Details
Examples

Syntax

DACCTAB(p,v,t1, . . . ,tn)

Arguments

p: is numeric, the period for which the calculation is to be done. For noninteger p arguments, 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.
t1,t2, . . . ,tn: are numeric, the fractions of depreciation for each time period.

Details

The DACCTAB function returns the accumulated depreciation by using user-specified tables. The formula for this function is

[IMAGE]

For a given p, only the arguments [IMAGE] 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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