September 2011
Beginner
140 pages
3h 40m
English
book
Beginning OpenOffice Calc: From Setting Up Simple Spreadsheets to Business Forecasting
by Jacek Artymiak
Content preview from Beginning OpenOffice Calc: From Setting Up Simple Spreadsheets to Business Forecasting
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Declining Balance Method (DB)
Syntax: DB(Cost; Salvage; Life; Period; Months)
If you want to use the fixed-declining balance method for calculation of depreciation of assets, this is the function to use. It answers questions such as “What is the depreciation in year x,” even if you bought that asset sometime in the middle of the year. For example, when you buy an asset worth $1,000,000 with a life of 4 years at the beginning of May, you can find its depreciation in year 2 using
=DB(1,000,000; 100; 4; 2; 8)
The answer is $360,000.00.
Figure 8-16. Sample result of the DB function
The first argument, cost, is the price you pay for the asset. ...
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