Functions and CALL Routines

DACCSYD Function

Returns the accumulated sum-of-years-digits depreciation.

Category:

Financial

Syntax
Arguments
Details
Examples

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.

y

is numeric, the lifetime of the asset.

Range:

y > 0

Details

The DACCSYD function returns the accumulated depreciation by using the sum-of-years-digits method. The formula is

[equation]

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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DACCSYD Function

Syntax

Arguments