DepreciationStraightLineAmount ( Cost ; ResidualValue ; NoYrsDepreciation )
Calculates the value at which an asset depreciates annually when using the straight line method of calculating depreciation
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Ed Bullock Camise Solution Limited http://www.camise.co.uk |
Function definition: (Copy & paste into FileMaker's Edit Custom Function window)
Calculates the annual depreciation value when using the straight line method of calculating depreciation i.e the asset loses the same value year after year rather than losing more in depreciation in its early years (Reducing Balance method)
Enter the Cost
Enter the Residual Value (scrap value after its usable life)
Enter the number of years over which it will depreciate (the assets usable life)
Returns a figure of how much the asset depreciates each year
Example
Cost of asset: 11,000
Residual cost: 1,000
NoYrsDepreciation: 5
Returns 2,000
Example
Yr1: 11,000 - 2,000 = 9,000
Yr2: 9,000 - 2,000 = 7,000
Yr3: 7,000 - 2,000 = 5,000
Yr4: 5,000 - 2,000 = 3,000
Yr5: 3,000 - 2,000 = 1,000 (residual value)
Comments
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