C
cecily
I am currently calculating depreciation (straight line method) in tw
steps:
1. Opening asset balance
= if(historical cost*depreciation rate < opening written down value,
historical cost * depreciation rate, - opening written down value)
2. Additions (i.e. capex)
= - min(capex*depreciation rate,(capex - sum(depreciation to date)))
To calculate additions, I need to use a "step table" i.e.
123456
23456
3456
456
56
6
Is there a better way to do this? Is it possible to use an array o
sumproduct function to do this calculation in the one cell, without th
"step table".
Thanks very much
Cecil
steps:
1. Opening asset balance
= if(historical cost*depreciation rate < opening written down value,
historical cost * depreciation rate, - opening written down value)
2. Additions (i.e. capex)
= - min(capex*depreciation rate,(capex - sum(depreciation to date)))
To calculate additions, I need to use a "step table" i.e.
123456
23456
3456
456
56
6
Is there a better way to do this? Is it possible to use an array o
sumproduct function to do this calculation in the one cell, without th
"step table".
Thanks very much
Cecil