Multiple choice

A company purchased an asset at a cost of 2400 on 18/9/2012. The end of the first period of the asset is on 31/12/2012. The salvage value for the asset is 500 and the depreciation on the asset is 20%. Which function can be used to calculate the first period depreciation?

  1. ACCRINT function

  2. AMORLINC function

  3. ATAN function

  4. ACCRINTM function

  5. None of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

This is the function in excel, which calculates the first depreciation period.