Syntax Description
SYD(cost; salvage; life;
period)
Returns the arithmetic-declining depreciation rate.
Use this function to calculate the depreciation
amount for one period of the total depreciation span
of an object. Arithmetic declining depreciation
reduces the depreciation amount from period to
period by a fixed sum. Cost is the initial cost of an
asset. Salvage is the value of an asset after
depreciation. Life is the period fixing the time span
over which an asset is depreciated. Period defines
the period for which the depreciation is to be
calculated.
TBILLEQ(settlement;
maturity; discount)
Calculates the annual return on a treasury bill.
Settlement is the date of purchase of the security.
Maturity is the date on which the security matures
(expires). (The settlement and maturity date must be
in the same year.) Discount is the percentage
discount on acquisition of the security.
TBILLPRICE(settlement;
maturity; discount)
Calculates the price of a treasury bill per 100
currency units. Settlement is the date of purchase
of the security. Maturity is the date on which the
security matures (expires). Discount is the
percentage discount upon acquisition of the security.
TBILLYIELD(settlement;
maturity; price)
Calculates the yield of a treasury bill. Settlement is
the date of purchase of the security. Maturity is the
date on which the security matures (expires). Price
is the price (purchase price) of the treasury bill per
100 currency units of par value.
VDB(cost; salvage; life; start;
end; factor; type)
Returns the depreciation of an asset for a specified
or partial period using a variable declining balance
method. Cost is the initial value of an asset. Salvage
is the value of an asset at the end of the
depreciation. Life is the depreciation duration of the
asset. Start is the start of the depreciation entered
in the same date unit as the life. End is the end of
the depreciation. Factor (optional) is the
depreciation factor. FA=2 is double rate
depreciation. Type (optional) defines whether the
payment is due at the beginning (1) or the end (0) of
a period.
XIRR(values; dates; guess) Calculates the internal rate of return for a list of
payments which take place on different dates. The
calculation is based on a 365 days per year basis,
ignoring leap years. If the payments take place at
regular intervals, use the IRR function. Values and
dates are a series of payments and the series of
associated date values entered as cell references.
Guess (optional) is a guess for the internal rate of
return. The default is 10%.
Appendix B Description of Functions 391
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