Depreciation Formula

[Guest]

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/L2)
Col O has Total Accumulated Depreciation (from In Service
Date until 12/31/Previous Year)
Col P-AA has the Depreciation Value (per month) Jan- Dec
Col AB has the Total Depreciation Value for the
preceeding 12-Month period
Col AC has Total Accumulated Depreciated
(12/31/Previous Year + Current Year)
Col AD has New Book Value (=+M2-AC2 OR Original Cost -
Total Accumulated Value)

Here's what I need ... I need some sort of IF statement (I assume this will
be the most logical concept) that will continue to calculate the fields up
to the point where the New Book = ZERO (or until the Total Accumulated
Depreciation is EQUAL to the Original Cost)

What's is the best way to approach this?

Thanks in advance.

 

[JRF]

Hey, I'm just killing some time, here but I do know that the Analysis
pack has a depreciation function. I'd start there.

 

[Guest]

Great -- Thanks -- I'll check to see if I can glean any help there.
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