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Syntax Description
DB(cost; salvage; life; period;
month)
Returns the depreciation of an asset for a specified
period using the double-declining balance method.
Cost is the initial cost of an asset. Salvage is the
value of an asset at the end of the depreciation. Life
defines the period over which an asset is
depreciated. Period is the length of each period. The
life must be entered in the same date unit as the
depreciation period. Month (optional) denotes the
number of months for the first year of depreciation.
DDB(cost; salvage; life;
period; factor)
Returns the depreciation of an asset for a specified
period using the arithmetic-declining method. Note
that the book value will never reach zero under this
calculation type. Cost fixes the initial cost of an
asset. Salvage fixes the value of an asset at the end
of its life. Life is the number of periods defining how
long the asset is to be used. Period defines the
length of the period. The period must be entered in
the same time unit as the life. Factor (optional) is
the factor by which depreciation decreases.
DISC(settlement; maturity;
price; redemption; basis)
Calculates the allowance (discount) of a security as a
percentage. Settlement is the date of purchase of
the security. Maturity is the date on which the
security matures (expires). Price is the price of the
security per 100 currency units of par value.
Redemption is the redemption value of the security
per 100 currency units of par value. Basis indicates
how the year is to be calculated.
DOLLARDE(fractional _dollar;
fraction)
Converts a quotation that has been given as a
decimal fraction into a decimal number.
Fractional_dollar is a number given as a decimal
fraction. (In this number, the decimal value is the
numerator of the fraction.) Fraction is a whole
number that is used as the denominator of the
decimal fraction.
DOLLARFR(decimal _dollar;
fraction)
Converts a quotation that has been given as a
decimal number into a mixed decimal fraction. The
decimal of the result is the numerator of the fraction
that would have Fraction as the denominator.
Decimal_dollar is a decimal number. Fraction is a
whole number that is used as the denominator of the
decimal fraction.
DURATION(rate; PV; FV) Calculates the number of periods required by an
investment to attain the desired value. Rate (a
constant) is the interest rate to be calculated for the
entire duration. Entering the interest rate divided by
the periods per year, can calculate the interest after
each period. PV is the present value. FV is the
desired future value of the investment.
Appendix B Description of Functions 385
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