DEPSL Function

DEPSL Function

Returns the straight-line depreciation

Category: Financial

Syntax

DEPSL ( 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 DEPSL function returns the straight-line depreciation, which is given by

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

Examples

An asset, acquired on 01APR86, has a depreciable initial value of $1,000 and a ten-year lifetime. The depreciation in the value of the asset for the year 1986 can be expressed as

 d=depsl(9/12,1000,10); 

The value returned is 75.00. The first and the third arguments are expressed in years .