DACCDB Function

DACCDB Function

Returns the accumulated declining balance depreciation

Category: Financial

Syntax

DACCDB ( p,v,y,r )

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.

y

• is numeric, the lifetime of the asset.

• Range: y > 0

r

• is numeric, the rate of depreciation expressed as a decimal.

• Range: r > 0

Details

The DACCDB function returns the accumulated depreciation by using a declining balance method. The formula is

Note that int( p ) is the integer part of p . The p and y arguments must be expressed by using the same units of time. A double-declining balance is obtained by setting r equal to 2.

Examples

An asset has a depreciable initial value of $1000 and a fifteen-year lifetime. Using a 200 percent declining balance, the depreciation throughout the first 10 years can be expressed as

 a=daccdb(10,1000,15,2); 

The value returned is 760.93. The first and the third arguments are expressed in years.