For example, for an asset with an initial cost of $10,000, a useful life of 5 years, and a salvage value of $2,000: In the example shown, the formula in C6, copied down, is: where named ranges are defined as follows:
Dave Bruns
Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
