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DEPTAB |
Category: | Financial |
Syntax | |
Arguments | |
Details | |
Examples |
Syntax |
DEPTAB(p,v,t1, . . . ,tn) |
Details |
The DEPTAB function returns the depreciation by using specified tables. The formula is given below:
For a given p, only the arguments
need to be specified with
k=ceil(p)
.
Examples |
An asset has a depreciable initial value of $1,000 and a five-year lifetime. Using a table of the annual depreciation rates of .15, .22, .21, .21, and .21 during the first, second, third, fourth, and fifth years, respectively, the depreciation in the third year can be expressed as
y3=deptab(3,1000,.15,.22,.21,.21,.21);
The value returned is 210.00.
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