Need another way of calculation I am using this formula to calculate depreciatio
ID: 3561041 • Letter: N
Question
Need another way of calculation
I am using this formula to calculate depreciation on asset.
=ROUND(((D4+E4-G4)*C4)+(F4*(C4/2)),0)
is there any another way to calculate?
Thanks and regards
S.No. Particulars Dep.Rate Opening Addition Addition
After
01.10.2013 Sold During the Year Depreciation Closing Balance Office Equipments 1 Air Conditioner 0.15 0.00 37500.00 0.00 0.00 5625.00 31875.00 2 Coffee Machine 0.15 6655.00 0.00 0.00 0.00 998.00 5657.00 3 Computer & Peripherals 0.60 38667.00 6250.00 250.00 0.00 27025.00 18142.00
Explanation / Answer
^Your formula calculates the depreciation correctly assuming financial year is from 1-Apr to 31-Mar..<
Your closing balance is also coming out correctly..
I don't think an alternative formula is needed. Your formula is simple and does its job perfectly.<?
The same formula can be written as below but it is your formula only represented in a different way.
=ROUND(((D4+E4-G4)*2+F4)*C4/2,0)
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