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Calculating Depreciation

Depreciation has an enormous effect on the bottom line of any business, and accurate calculation of depreciation is crucial if you want to avoid triggering a detailed scrutiny of your records by the IRS. These functions help you precisely determine the depreciation of an asset for a specific period. Table 16-2 lists the common arguments used in these functions:

Table 16-2. Depreciation Function Arguments
ArgumentDescription
CostInitial cost of the asset
LifeLength of time the asset will be depreciated
PeriodIndividual time period to be computed
SalvageAsset's remaining value after it has been fully depreciated



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