Function Type: Financial
Description:
Returns the depreciation of an asset for a specified or partial period by using a declining balance method.
Function Structure:
=VDB(cost, salvage, life, start_period, end_period, [factor], [no_switch}).
Argument Breakdown:
cost – Initial cost of the asset.
salvage – Asset value at the end of depreciation.
life – Periods over which asset is depreciated.
start_period – The starting period for which you want to calculate the depreciation. Start_period must use the same units as life.
end_period – This is the ending period for which you want to calculate the depreciation. End_period must use the same units as life.
factor – This is the rate of depreciation. If we omit the argument, the function will take the default value of 2, which denotes the double declining balance method.
no_switch – This is an optional logical argument that specifies whether the method should switch to straight-line depreciation when depreciation is greater than the declining balance calculation.
Example:
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