Hello,
Hope my excel tips are helping you out.
Here is Today’s tip for you. Hope this help you.
If Ever we want to
calculate depreciation based on SLM Method i.e. Straight line method
, then use “ DB” command.
What Does It Do ?
This function calculates
deprecation based upon a SLM Method i.e. Straight line method.
How to use it ?
'=DB(Purchase Price,
Salvage Value , Life , Period To Calculate , First Year Month)
The First Year Month is the month in which the item was
purchased during the first financial year. This is an optional value, if it not
used the function will assume 12 as the value.
For examples please check the below images
Hope the Tip is found interesting to you and the same is clear.
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Thanks & Regards,
CA Mohit Bansal
Excel Enthusiast
+91-9045773456
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