deprdv (Financial Toolbox)

Remaining depreciable value.

Syntax

r = deprdv(cost, salvage, accum)

Arguments

cost: Cost of the asset.

salvage: Salvage value of the asset.

accum: Accumulated depreciation of the asset for prior periods.

Description

r = deprdv(cost, salvage, accum)

returns the remaining depreciable value for an asset.

Example

The cost of an asset is $13,000 with a life of 10 years. The salvage value is $1000. First find the accumulated depreciation with the straight-line depreciation function, depstln. Then find the remaining depreciable value after six years.

accum = depstln(13000, 1000, 10) * 6
accum =
       7200.00
r = deprdv(13000, 1000, 7200)
r =
       4800.00