Multiple choice

A security is issued on 1st March 2010, its first interest date is 31st August 2010 with a coupon rate of 10% and par value of 1000 rupees. Settlement date for security is 1st May 2010 with 30/360 basis value.If the initial cost of the asset value is changed to 5,00,000 with the lifetime of 10 years, which function can be used to calculate the depreciation in the first year with fixed decimal places?

  1. DDB function

  2. DB function

  3. DISC function

  4. DGET function

  5. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

DB function provides the required calculation for the first year depreciation with fixed decimal places.

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