Depreciation with double-declining balance

You can calculate the depreciation of an asset with the double-declining balance method (ddb). This method calculates an accelerated form of depreciation under which the vast majority of the depreciation associated with a fixed asset is recognized during the first few years of its useful life.

This function takes the following arguments:

• Cost – The original cost of the asset.
• Salvage – The salvage value at the end of the depreciation.
• Number of periods – The number of periods over which the asset is being depreciated, also known as the useful life of the asset.
• Period – The period to calculate asset depreciation. Use the same unit of measure as provided for the number of periods.
• Balance decline rate – The rate at which the balance declines.

Example expression

@Financial.ddb(2400,300,10,2,1.75)

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