Functions and CALL Routines

DACCSL Function

Returns the accumulated straight-line depreciation.
 Category: Financial

Syntax

 DACCSL(p,v,y)

Arguments

p

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

The DACCSL function returns the accumulated depreciation by using the straight-line method, which is given by

The p and y arguments must be expressed by using the same units of time.

An asset, acquired on 01APR86, has a depreciable initial value of \$1000 and a ten-year lifetime. The accumulated depreciation in the value of the asset through 31DEC87 can be expressed as

`   a=daccsl(1.75,1000,10);`

The value returned is 175.00. The first and the third arguments are expressed in years.

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