Functions and CALL Routines

DACCDBSL Function

Returns the accumulated declining balance with conversion to a straight-line depreciation.

Category:

Financial

Syntax
Arguments
Details
Examples

Syntax

DACCDBSL(p,v,y,r)

Arguments

p

is numeric, the period for which the calculation is to be done.

v

is numeric, the depreciable initial value of the asset.

y

is an integer, the lifetime of the asset.

Range:

y > 0

r

is numeric, the rate of depreciation that is expressed as a fraction.

Range:

r > 0

Details

The DACCDBSL function returns the accumulated depreciation by using a declining balance method, with conversion to a straight-line depreciation function that is defined by

[equation]

The declining balance with conversion to a straight-line depreciation chooses for each time period the method of depreciation (declining balance or straight-line on the remaining balance) that gives the larger depreciation. The p and y arguments must be expressed by using the same units of time.

Examples

An asset has a depreciable initial value of $1,000 and a ten-year lifetime. Using a declining balance rate of 150 percent, the accumulated depreciation of that asset in its fifth year can be expressed as

   y5=daccdbsl(5,1000,10,1.5);

The value returned is 564.99. The first and the third arguments are expressed in years.

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