{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

I-10.05 Problem - SLN(100,10,4 is the straight-line formula...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
I-10.05 As shown in the text, spreadsheet software packages, like Microsoft Excel, include built in functions to calculate depreciation. Use these routines to calculate depreciation for Dr. Brown's x-ray machine for the third year of use. Try this problem with the straight-line (SLN) and double-declining balance (DDB) techniques. The functions are usually accessed via a toolbar pick list (∑) or from the Insert/Function operation. Once you know the correct way to structure a function, a quick shortcut is to simply key in the formula (e.g.,
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: SLN(100,10,4) is the straight-line formula for a $100 asset having a $10 salvage value and 4 year life). You should print out two copies of your answer; one with the "values" and the other showing the "formulas." Oftentimes, you will want to view all the formulas used in a worksheet. To toggle between showing formulas and values, simply press "CTRL + `" (grave accent). Dr. Matt Brown purchased a new X-ray machine for his dental practice. The machine cost $275,000, and has a $10,000 salvage value after 7 years....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern