DB

Returns the depreciation of an asset for a specified period using the fixed-declining balance method

Syntax

DB(cost, salvage, life, period, [month])

Argument	Description	Required
`cost`	The initial cost of the asset	Required
`salvage`	The value at the end of the depreciation	Required
`life`	The number of periods over which the asset is depreciated	Required
`period`	The period for which you want to calculate the depreciation	Required
`month`	The number of months in the first year. Defaults to 12.	Optional

=DB(2000000, 200000, 10, 1, 6)

Result ⇒ 206000

=DB(2000000, 200000, 10, 2)

Result ⇒ 327128

=DB(1000000, 100000, 5, 1)

Result ⇒ 369000

Other Financial functions:

CUMIPMT - Returns the cumulative interest paid between start_period and end_period
CUMPRINC - Returns the cumulative principal paid on a loan between start_period and end_period
DISC - Returns the discount rate for a security
EFFECT - Returns the effective annual interest rate
FV - Returns the future value of an investment.
FVSCHEDULE - Returns the future value of an initial principal after applying a series of compound interest rates
IPMT - Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.
IRR - Returns the internal rate of return for a series of cash flows
NOMINAL - Returns the annual nominal interest rate
NPER - Returns the number of periods for an investment
NPV - Calculates the net present value of a series of cash flows at a given discount rate
PMT - Calculates the payment for a loan based on constant payments and a constant interest rate.
PPMT - Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
PV - Returns the present value of an investment.
RATE - Returns the interest rate per period of a loan or investment.
SLN - Returns the straight-line depreciation of an asset for one period
XIRR - Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic
XNPV - Returns the net present value for a schedule of cash flows that is not necessarily periodic