Hi I'm having a little trouble calculating some formulas in my depreciation budget worksheet. What I need to be able to calculate is when an asset is only depreciated for the first 4 months of a year and ending its useful life as an asset. What is happening now is that our Accounting program gives us the planned depreciation for the upcoming year but not the remaining months so this planned depreciatin could be for 12 months or 4 months. Then we have come along and applied 12 to this to get monthly depreciation and used formulas to put it into months etc. The total figure is still correct, but the phasing monthly is wrong. EG, Planned Depn is $100 for asset that ends useful life at 30 Sept. Planned depn ($100) has been split by 12, instead of 4 (June-Sept). Monthly Depn should be $25 for four months, however I have calculated $8.33 for 12 months. So a formula to somehow include creation date, useful life = remaining months. Here's how the data is laid out. D2 - Depn Start Date (01/08/2005) E2 - Life (in years) (5) F2 - Months (12) J2 - Planned Depreciation L2 - Monthly Depreciation M1 thru to X1 are the relevant Months for the year Jun 2010 to May 2011 with a formulas of M2 =ROUND(IF(F2=12,L2,0),2) N2 =ROUND(IF(M2>0,M2,IF($F2=11,$L2,0)),2) O1 to X1 use the same formula as N1 but just looks to previous cell. I've tried using DATEDIF formulas is extra but am having trouble to get it to automatically go - yip that has 12 plus months remaining put 12, or yip that is between 0 and 12 so put whatever it is, or this is negative there should be no depreciation. Hopefully someone can help me!! Look forward to hearing from you. Cheers Michele

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4/8/2010 7:05:01 AM

This is the DATEDIF Formula I was using - =IF((DATEDIF(D2,31/05/2011,"m"))>(E2*12),12-((DATEDIF(D2,31/05/2011,"m"))-(E2*12)),12) Probably not much help....... Ta Michele "Michele" wrote: > Hi > > I'm having a little trouble calculating some formulas in my depreciation > budget worksheet. > > What I need to be able to calculate is when an asset is only depreciated for > the first 4 months of a year and ending its useful life as an asset. What is > happening now is that our Accounting program gives us the planned > depreciation for the upcoming year but not the remaining months so this > planned depreciatin could be for 12 months or 4 months. Then we have come > along and applied 12 to this to get monthly depreciation and used formulas to > put it into months etc. The total figure is still correct, but the phasing > monthly is wrong. EG, Planned Depn is $100 for asset that ends useful life > at 30 Sept. Planned depn ($100) has been split by 12, instead of 4 > (June-Sept). Monthly Depn should be $25 for four months, however I have > calculated $8.33 for 12 months. > > So a formula to somehow include creation date, useful life = remaining months. > > Here's how the data is laid out. > > D2 - Depn Start Date (01/08/2005) > E2 - Life (in years) (5) > F2 - Months (12) > J2 - Planned Depreciation > L2 - Monthly Depreciation > > M1 thru to X1 are the relevant Months for the year Jun 2010 to May 2011 with > a formulas of > > M2 =ROUND(IF(F2=12,L2,0),2) > N2 =ROUND(IF(M2>0,M2,IF($F2=11,$L2,0)),2) > O1 to X1 use the same formula as N1 but just looks to previous cell. > > I've tried using DATEDIF formulas is extra but am having trouble to get it > to automatically go - yip that has 12 plus months remaining put 12, or yip > that is between 0 and 12 so put whatever it is, or this is negative there > should be no depreciation. > > Hopefully someone can help me!! Look forward to hearing from you. > > Cheers Michele > > > >

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4/8/2010 7:11:01 AM

In DATEDIF(D2,31/05/2011,"m") the second "date" is 31 divided by 5 divided by 2011, which is .003083, or 4 minutes and 26 seconds from the start of the 0th of January 1900. If what you wanted was the 31st of May 2011, try DATEDIF(D2,DATE(2011,5,31),"m") or (less reliably as a format, as it depends on Windows Regional Settings in Control Panel, not in Excel) DATEDIF(D2,"31/05/2011","m") -- David Biddulph "Michele" <Michele@discussions.microsoft.com> wrote in message news:682899E3-FEDC-4143-83E0-18207D8B933D@microsoft.com... > This is the DATEDIF Formula I was using - > > =IF((DATEDIF(D2,31/05/2011,"m"))>(E2*12),12-((DATEDIF(D2,31/05/2011,"m"))-(E2*12)),12) > > Probably not much help....... > > Ta > Michele > > "Michele" wrote: > >> Hi >> >> I'm having a little trouble calculating some formulas in my depreciation >> budget worksheet. >> >> What I need to be able to calculate is when an asset is only depreciated >> for >> the first 4 months of a year and ending its useful life as an asset. >> What is >> happening now is that our Accounting program gives us the planned >> depreciation for the upcoming year but not the remaining months so this >> planned depreciatin could be for 12 months or 4 months. Then we have >> come >> along and applied 12 to this to get monthly depreciation and used >> formulas to >> put it into months etc. The total figure is still correct, but the >> phasing >> monthly is wrong. EG, Planned Depn is $100 for asset that ends useful >> life >> at 30 Sept. Planned depn ($100) has been split by 12, instead of 4 >> (June-Sept). Monthly Depn should be $25 for four months, however I have >> calculated $8.33 for 12 months. >> >> So a formula to somehow include creation date, useful life = remaining >> months. >> >> Here's how the data is laid out. >> >> D2 - Depn Start Date (01/08/2005) >> E2 - Life (in years) (5) >> F2 - Months (12) >> J2 - Planned Depreciation >> L2 - Monthly Depreciation >> >> M1 thru to X1 are the relevant Months for the year Jun 2010 to May 2011 >> with >> a formulas of >> >> M2 =ROUND(IF(F2=12,L2,0),2) >> N2 =ROUND(IF(M2>0,M2,IF($F2=11,$L2,0)),2) >> O1 to X1 use the same formula as N1 but just looks to previous cell. >> >> I've tried using DATEDIF formulas is extra but am having trouble to get >> it >> to automatically go - yip that has 12 plus months remaining put 12, or >> yip >> that is between 0 and 12 so put whatever it is, or this is negative there >> should be no depreciation. >> >> Hopefully someone can help me!! Look forward to hearing from you. >> >> Cheers Michele >> >> >> >>

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4/8/2010 7:38:29 AM

Hi Michelle If you had one other piece of information, the original cost of the asset, then you could do it as follows. (you would not need columns J and K) I have assumed an Asset value of 500 placed in C2 =IF(M$1<DATE(YEAR($D2)+$E2,MONTH($D2),DAY($D2)),$C2/($E2*$F2),"") Copy across and down From your example data, I can't see how a date of 01/Aug/2005 will give 4 months worth of depreciation in the year commencing June. If you use 1500 in C2 and 01/Oct/2005 in D2, then the formula above correctly calculates 25 per month for Jun, Jul, Aug and Sep, with nothing in the remaining months. -- Regards Roger Govier Michele wrote: > This is the DATEDIF Formula I was using - > > =IF((DATEDIF(D2,31/05/2011,"m"))>(E2*12),12-((DATEDIF(D2,31/05/2011,"m"))-(E2*12)),12) > > Probably not much help....... > > Ta > Michele > > "Michele" wrote: > >> Hi >> >> I'm having a little trouble calculating some formulas in my depreciation >> budget worksheet. >> >> What I need to be able to calculate is when an asset is only depreciated for >> the first 4 months of a year and ending its useful life as an asset. What is >> happening now is that our Accounting program gives us the planned >> depreciation for the upcoming year but not the remaining months so this >> planned depreciatin could be for 12 months or 4 months. Then we have come >> along and applied 12 to this to get monthly depreciation and used formulas to >> put it into months etc. The total figure is still correct, but the phasing >> monthly is wrong. EG, Planned Depn is $100 for asset that ends useful life >> at 30 Sept. Planned depn ($100) has been split by 12, instead of 4 >> (June-Sept). Monthly Depn should be $25 for four months, however I have >> calculated $8.33 for 12 months. >> >> So a formula to somehow include creation date, useful life = remaining months. >> >> Here's how the data is laid out. >> >> D2 - Depn Start Date (01/08/2005) >> E2 - Life (in years) (5) >> F2 - Months (12) >> J2 - Planned Depreciation >> L2 - Monthly Depreciation >> >> M1 thru to X1 are the relevant Months for the year Jun 2010 to May 2011 with >> a formulas of >> >> M2 =ROUND(IF(F2=12,L2,0),2) >> N2 =ROUND(IF(M2>0,M2,IF($F2=11,$L2,0)),2) >> O1 to X1 use the same formula as N1 but just looks to previous cell. >> >> I've tried using DATEDIF formulas is extra but am having trouble to get it >> to automatically go - yip that has 12 plus months remaining put 12, or yip >> that is between 0 and 12 so put whatever it is, or this is negative there >> should be no depreciation. >> >> Hopefully someone can help me!! Look forward to hearing from you. >> >> Cheers Michele >> >> >> >>

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4/8/2010 7:53:02 AM

I don't expect to get any bites on this one, but, "Hey, it's Friday -- it could happen!" Just got this one dropped on my lap -- we have a spreadsheet with items that we depreciate -- this spreadsheep has been touched/maniulated by many over the years (I just gained access to it, since it's not doing what the Finance folks would like it to do). Here's what it does ... Col H has a description of the item Col J has In Service Date Col L has the Life of the item (ie, 60 mos, 120 mos) Col M has the Original Cost of the item Col N figures the Monthly Depreciation (=M2...

Version: 2008 Operating System: Mac OS X 10.6 (Snow Leopard) Processor: Intel Email Client: pop <a href="http://screencast.com/t/YjhhYTU5YzU">http://screencast.com/t/YjhhYTU5YzU</a> <br><br>Hello, above is a short video with my question. I'm trying to paste a portion of an excel spreadsheet into an email and retain the boxes that are in the original spreadsheet. <br><br>Thanks for your help, <br><br>Robby On 1/18/10 5:43 AM, in article 59bb12ee.-1@webcrossing.JaKIaxP2ac0, "RobbyBarbaro@officeformac.com" <Robby...

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See http://en.wikipedia.org/wiki/Depreciation In article <928DC52C-D390-45C6-9847-693648A1A5DA@microsoft.com>, MISSY <MISSY@discussions.microsoft.com> wrote: "JE McGimpsey" <jemcgimpsey@mvps.org> wrote in message news:jemcgimpsey-F62312.22355624092007@msnews.microsoft.com... > See > > http://en.wikipedia.org/wiki/Depreciation > Quite a good article for wikipedia, but it misses one very important point. The original purpose of charging depreciation to the P&L was to build up a reserve in order to replace the asset when it became obsol...

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Is it possible to calculate January ‘09 depreciation without closing the fixed asset module for 2008? Any issues with this? Sara, I don't believe GP will let you do this. You must close 2008 first. -- Victoria Yudin Dynamics GP MVP Flexible Solutions - home of GP Reports http://www.flex-solutions.com/gpreports.html blog: www.victoriayudin.com "Sara" <Sara@discussions.microsoft.com> wrote in message news:0BED82D4-F4BD-4BBA-972D-942A9F0C7419@microsoft.com... > Is it possible to calculate January ‘09 depreciation without closing the > fixed asset module for 2008...

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