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Dear Experts
I am trying to create a depreciation table with the details mentioned below. I hope what I am trying to convey below is clear enough to understand. I have columns for Purchase Date, Cost, Rate, Year Days (Closing Date-Purchase Date, which should not be more than 365 or 366 days), Total Days (Closing Date-Purchase Date=Actual number of days), Opening Depreciation and Year's Depreciation. The method is Straight Line method and the rate is 20% per annum. So in 5 years an asset is fully depreciated. The Year's Depreciation is based on actual days from the date of purchase. So I request your help to write a formula based on the following situations. Case 1 If Opening Depreciation is equal to Cost, then the result in the Column "Year's Depreciation" should be Zero. Case 2 If Opening Depreciation (OD) is less than the Cost, the result should be 20% of Cost provided that the total of Opening Depreciation + Year's Depreciation is not greater than Cost. If OD=$95, then in the Year's Depreciation Column, I should get the result of $5 Case 3 If an asset is purchased for $100 during the year say on 1-Jul-07 and Closing Date is 31-Dec-07. The total days is 184, then Year's Depreciation will be calculated as follows =100x20%x184/365=$10.08 which should be the result in the Year's Depreciation. Case 4 If the Purchase date entered is greater than closing date, (meaning 1-Jan-08 and closing date is 31-Dec-07) the result in Year's Depreciation should be Zero I have tried using the IF / Min and SLN function but the desired results do not match the cases I want. Thank you in advance for your help. BR |
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