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 FileMaker Pro Custom Functions

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DepreciationReducingBalanceRate ( Cost ; ResidualValue ; NoYrsDepreciation)

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  Average rating: 4.6  (35 votes)
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Ed Bullock, Camise Solutions Limited
http://www.camise.co.uk

Returns the annual rate as a % of depreciation when using the Reducing Balance method of calculationg depreciation

Sample Input:
DepreciationReducingBalanceRate ( 11000 ; 1000 ; 5)
Sample Output:
38.10%


 Then copy & paste into FileMaker Advanced's Edit Custom Function window.

Click here to copy To Clip Manager if you have myFMbutler's Clip Manager installed

Description:

Returns the annual rate as a % of depreciation when using the Reducing Balance method of calculating depreciation. i.e. the asset loses value quicker in the early years rather than spread equally throughout its usable life.

Enter the cost of the asset
Enter the residual value of the asset (scrap value after its usable life in years, must be greater than 0)
Enter the number of years of depreciation (usable life of the asset)

Returns the % per year of depreciation of the balance of the value of the asset

Example:

Cost of asset: 11,000
Residual Value: 1,000
Years of Depreciation: 5

DepreciationReducingBalanceRate ( 11000 ; 1000 ; 5) = 38.1%

This can now be used to find the value of the asset over its usable life

Yr1: 11,000 - 38.1% = 6,809
Yr2: 6,809 - 38.1% = 4,214.77
Yr3: 4,214.77 - 38.1% = 2,608.94
Yr4: 2,608.94 - 38.1% = 1,614.94
Yr5: 1,614.94 - 38.1% = 999.65 (approx residual value)

Note: these functions are not guaranteed or supported by BrianDunning.com. Please contact the individual developer with any questions or problems.

This is my Custom Function and I want to edit it

Discuss:

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7 For All Mankind, ozedcatvqm@gmail.com
September 11, 2014 10:23am

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