DACCSL Function

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

Details

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.

Example

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 .