Finance namespace

Contents

Interface Function Documentation Page Comments

Interface

#include <codecogs/finance/accounting/deprecstraight.h>

using namespace Finance::Accounting;

	double	deprecStraight (double cost, double salvage, int life) Calculate the straight-line depreciation of an asset. Excel: SLN
	Real	cc_accountingDeprecStraight (Real cost, Real salvage, Integer life) This function is available as a Microsoft Excel add-in.

Function Documentation

Calculate the straight-line depreciation of an asset. The following equation is used:

Suppose you purchase a boat for £12000 that has a useful life of 20 years and a salvage value of £2000, the depreciation for each year is £500.

Example 1:

#include <iostream>
#include <codecogs/finance/accounting/deprecstraight.h>
 
int
main(int argc, char *argv[])
{
  printf("Depreciation of an asset purchased for 30000,");
  printf("and salvage for 7500 after 10 years is:\n");
  std::cout<<Finance::Accounting::deprecStraight(30000, 7500, 10);
  std::cout<<std::endl;
 
  return 0;
}

Output:

Depreciation of an asset purchased for 30000, and salvage for 7500 after 10 years is:
2250

Parameters:

cost	The initial cost of the asset.
salvage	The value at the end of the depreciation.
life	The number of periods over which the asset is being depreciated, i.e. the useful life of the asset.

Returns:

The straight line depreciation of the asset.

Authors:

James Warren (July 2005)