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 FileMaker Pro Custom Functions

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DepreciationStraightLineAmount ( Cost ; ResidualValue ; NoYrsDepreciation )

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Ed Bullock, Camise Solution Limited
http://www.camise.co.uk

Calculates the value at which an asset depreciates annually when using the straight line method of calculating depreciation

Sample Input:
DepreciationStraightLineAmount ( 11000 ; 1000 ; 5 )
Sample Output:
2000


 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:

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)

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

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