I am in need of a formula to calculate monthly straight-line depreciation assets based on the current month’s days.
So, if an asset costs $10,000 and has 15 years of useful life, in June this would calculate 15 divided by 12 divided by 31 times 10,000. I want to put cost in one cell and date in another, for the formula.
BTW, someone is using this formula, =(16736*(1/15)*(6/12))*31/184
Using the declining balance depreciation formula how can I have the individual time frame results put into to cells?
View 9 Replies View RelatedI need help creating a formula. I have an amortization table and I need to take each months information and place it into a cell which resides in a letter. In the end, there should be 180 pages with different dates, interest, principal and total payments. I know that there is a way and I can not figure it out.
View 9 Replies View RelatedI'm trying to figure out how to make a spreadsheet where in one column a type of asset is entered through a drop down menu and then the next few columns are attributes - model, pattern, manufacturer, etc. - that would all have values entered through drop down menus populated based on the choice of 'type of asset' in the first column.
I can get a drop down menu for the 'type' column and a dependent drop down in the second column based on choice of 'type' using =INDIRECT(), but I do that by naming the dependent lists of models for each type after the types listed in the list of types. Once I've done that I can't name the lists of patterns after the types because those names are in use by the model lists. So how would I make multiple lists of attributes associate with the same list of types?
I am creating 100 random portfolios from a list of 10 assets. I have the return history of the 10 assets and I'm able to calculate the mean and standard deviation of each asset as well as the covariance/correlation between each of the 10 assets. I want to choose to portfolio with the least variance as well the portfolio with the lowest and highest return.
Would it also be possible to introduce a limit that constrains the maximum allocation to each asset at 25%?
My problem is the following:
I'm trying to model straight line depreciation over 5 years for certain investments. This could for example be done like this: ....
I'm trying to calculate the Depreciation of the fixed asset for some items. I've tried the formulas that came with Excel but i don't know its not working or not give the correct value
so I attached a file as an example what I'm trying to have is
1- straight line method along the asset life
2- salvage must be ( 1 )
3- if the purchase date is equal to or before the middle of the month (14-15/02/2004) so the start of depreciation have to start from the beginning of the current month ( Feb) but if the date excess the day 15 ( 16/02/2004) the middle of the month , the the depreciation must start from the next month.
I have a list of items on which I need to calculate the SLD, normally I would just divide the Acq Cost by the Salvage period (5yrs) to calculate the yearly depreciation. However I have been asked to calculate it from the Cap Date, therfore the first year would only be a portion of the year and the final year would also be a potion of the year.
So I'm trying to calculate the depreciation period for an asset with an Acq Cost of £12500 and a Cap Date of 27th July 04 over a 5yr period from that date.
how to calculate debt repayments using this approach.
As shown on the attached file repay issue.xlsx I have an example where a loan is taken out regularly (in the example every 6 years) but repaid over a shorter period (in this example every 3 years).
Using "IF(MOD(ROW" the formula identifies correctly when the loan has to be renewed, and calculates correctly how much needs to be borrowed.
C14 =IF(MOD((ROW(A14)-ROW($A$8)),B$3)=0,B9*C$5
Because Row 14 is six rows below the start (Row 8) which is the interval set by B3, it enters the loan percentage
(C5) of the asset value (B9) into C14.
Problem comes in the following rows. I need the formula to establish how many rows the "active" row is below the last "renewal", then deduct one fraction of the payback period for each row. By sheer coincidence the formula below works on the second row of the datsabase and deducts one third of the loan value because C8 WAS the previous "renewal", and row 9 is one below it:
=IF(MOD((ROW(A9)-ROW($A$8)),B$3)=0,B9*C$5,IF(MOD((ROW(A9)-ROW($A$8)),B$3)=1,C8-(C8*(COUNT(A9-A$8)/C6))))
I cannot "hard wire" the cell references into the formula because the renewal intervals and number of paybacks range from 25 year mortgages paid every year without being renewed to a one year loan on an item renewed every two years
I am looking to reassess the useful life of existing fixed assets by one/two years.
For example:-
Original cost $1,727.00
Start Date 30/12/2008
Current End of life 29/12/2013
New End of Life date 29/12/2014
5 year - 20%
NBV as at 30/06/2013 $174.12
How can I calculate the new rate, as I can not change the prior financial years depreciation. I am looking for a calculation, to test the assumptions, and see the overall change. This is just one example.
I am attempting to create a capital depreciation schedule that gives us our total operating impact for a given calendar year. I can populate my depreciation based on the purchase month, and fill across the schedule the monthly depreciation cost, however, I'm not sure how to stop the depreciation after the item has depreciated fully (say after 36 months).
For example, if someone were to select March 2013 in B5, monthly depreciation should begin in E5 and spread across ONLY 36 months. If they were to select April 2013, the depreciation would begin in F5 and extend ONLY 36 months.
I think it might be possible to do this with an COUNTIF function, but it is not working for me.
I am working on a depreciation schedule in which I want the monthly depreciation of an asset to automatically calculate and, if the asset is fully depreciation, caclulate a zero or the balance to be depreciation (if less than the monthly depreciation). Please see below example. As you can see my asset is fully depreciated at the end of February but because there remains a $0.01, the formula is calculating another month in March and then reversing it in April (less the $0.01). Here's the formula I'm using. What am I doing wrong?
Column H is March, Column C is my monthly depreciation, and column E is my beginning book value:
=-IF(ABS(SUM($F2:H2))>=$E2,(SUM($F2:H2)+$E2),IF($E2=$C2,$C2,$E2)))
Purchase
PriceMonthly DepreciationAccumulated Depreciation 12/31/20091/1/2010 Beginning Book ValueJan-10Feb-10Mar-10Apr-10May-10
LCD PROJECTOR 797.12 13.29 (770.54) 26.58 (13.29) (13.29) (13.29) 13.28 -
I am looking for an amortization formula sheet for a boat loan that I have. That is easy enough, and I found that, but here is the hard part.
I went in on the loan with 4 different people all paying different prices a month. Let me get specific - I have a loan where one person is paying $55 a month, another $30, and three more $35 each. For a total of $190/month for the boat loan.
I want to be able to keep track how much each individual person owes in principal and in interest. Those prices a month are the minimum they will pay each month, but if someone decides to make more than the minimum payment, then it will mess everyone up with the total amount that they still owe.
So basically even though it is more one big loan, it is actually a total of 5 smaller loans as well with the same interest rate, but different minimum payments a month.
I am trying to use the if function in an amortization table and I am wondering if there is a way to make it so if I cut the years in half if I can make the table read with 0's or dashes rather than to start counting back up again.
View 9 Replies View RelatedI'm working with a loan amortization worksheet (downloaded from Office Online). Unless I don't understand correctly, the date formula on the worksheet doesn't calculate the way I need it to. I'm not totally sure what the formula they use is doing. It does use a lot of named ranges.
If a user inserts the total "Number of Payments per year", then I want the date to return the proper payment date.
For instance, If the start date is 1/1/07 and the number of payments per year is 24 then the payment dates should be like
1/15/07
1/31/01
2/15/07
2/28/07
It should be the 15th and the last day of the month.
If I put 52 as the number of payments then I want the formula to set the payment dates to every Friday.
I'm still learning formulas so bare with me guys. Attached is the worksheet.
I need to create an amortization table for several thousand loans. I could create a seperate amortization schedule for each loan, but as you can imagine, doing so would take a long time.
These loans have varying interest rates, loan periods, and beginning balances, so it is not as if I could just add the beginning balances together and amortize on that basis.
It seems like this will require a VBA macro, however my programming skills are a little rusty.
There are various references and links to " mortgage calculators;" though they are specific to the US dollar. Is the formula still the same, irrespective of the currency and why does it come across as quite a complex calculation? i have been taksed with designing a "calculator" and don't seem to know where to start as the currency issue is confusing me.
View 7 Replies View RelatedI'm trying to make an amortization table with all the individual payments. I'm trying to avoid putting in the formula manually into each individual cell. I have a formula = ROUND(F11*0.12/12,0) and I want to insert that formula down an entire column, but increasing the F11 to F12, F13, etc.
View 4 Replies View RelatedHow to calculate a One time Payment to maintain the Tenure In Amortization?
Ex:-
I havea loan of Rs 1,00,000/- to be paid @ 8%/12 for the first year and then from 13th month , it will be Floating Rate of Interest which would be mostly higher than 8%/12...
I will be paying this loan off in 5 years ( i.e. 60 months)
and the EMI = Rs 2028/- per month..
Lets say, if the Interest goes up to 12%/12 after the 12th EMI then the tenure increases by 5 months from 60 months to 65 months thus adding to the cost of Rs 2028*5 = Rs 10140 more..
Now What amount do I need to pay alongwith the regular EMI's to maintain the tenure of months?
The amount Im referring to is a One-Time Payment added with the EMI for the 13 the mOnth to reduce the Principal and accordingly the tenure?
I have a spreadsheet that has amortization tables for several loans. I am trying to add a summary tab that will pull the next due date on each loan. Some of the loans are behind so I can't use a >today() function. I have been trying the following:
=MIN(IF(AND(ISBLANK(Smith!A:A),NOT(ISBLANK(Smith!B:B))),Smith!B:B))
Column A is date payment is actually made, and column B is due date, so I want to return the first column B that has nothing in column A.
I have a sheet (like example attached). it's broken out by month for many decades. certain columns like B-N need each field populated. There are others like O, P, Q, where I need to delete all cells except for 2 months that year (in this example, all except May and November).
Is there a shortcut method to do this quicker?
example.xlsx
I am working with an amortization table and need to work out the elapsed time to amortize the loan.
Currently the worksheet is working fine and calculates the end date of the loan but the length of the column varies depending on the scenario.
I need a formula to calculate the time that elapses between the first date and last date.
The data starts in cell b13 and the last date could appear in pretty much any cell below that, so the formula will need to look for the last valid entry.
I am using excel 2003.
I am using Excel 2003 and I created an amortization schedule set up for an debt account. I am trying to pull the "Balance Due" from that schedule into another chart based on the current date (these are on two different sheets in a workbook).
For example, this is my 'Amortization Schedule':
Balance
Due
Interest
Rate
This Month's
Interest
This Month's
Payment
[code]....
And I am trying to pull the "Balance Due" from that schedule to place into this chart on my 'Debts' sheet: (based on the current date)
Name
Starting
Balance
Remaining
Balance
Interest
Rate
Minimum
[code]....
For example, if today were 1/15/13, I would want $3,796.34 from the schedule to go where the "x" is on the chart above. What formula would I use to accomplish this?
Also, on a side note, would there be a formula to have Excel pull the "Payment Date" from the schedule into the "Payoff Date" in the chart based on where the row has a $0 Balance Due?
I have uploaded a sample amortization schedule.
1. I require the table to adjust itself based on the loan period and number of payments per year entered in D14 and D15 respectively.
2. Also, if a value is entered in column E, then i require the whole table to update as well.
I was wondering if there is a formla that will delete a formula when it has done its calculation, or stop the formula from constantly updating.
I've got a formula
=IF(COUNTA(A1)=1,TODAY(),"")
When something is typed in Cell A1 the cell with the formula will input todays date.
Is there a formula that will stop this formula from updating, as when you go into the file on a different day the date would have been updated.
I have a situation where I have to curve fit data, this can lead to different formulas being used with varying constants.
Is it possible to pickup a TEXT based formula and related constants from other cells, and then place this into another cell as a functioning formula. For Example
Cell A1 contains the formula as a text string whether it be y=a+bx+cx^2, or y=a+b/x, etc
Cells A2:A6 contain the individual constants, a, b, c, etc
I would then want the VBA to read the text based formula and put it into an output cell as a functioning excel formulae.g
In cell B10: =a+b*A10+c*A10^2
I understand picking the constants up and putting the formula should not be too much of an issue, however trying to insert the variable form of the curve fit is the part that I am struggling with, and am unsure if possible.
Here is the scenario:
A B C D
BananasApplesOrangesTotal113=A1+B1+C1
I need to reference the formula in D1 with the cells headers names.
In a perfect world, it would take
=A1+B1+C1:
and produce:
=Bananas+Apples+Oranges
I have an existing formula in a cell linking back to a start date only. determining how to add an additional formula to exclude weekends, and possibly holidays.
View 2 Replies View RelatedI am trying to use a combination of Concatenate and IF formula to produce an email.
My input.
D4: First Name:
D5: Middle Name:
D6: Last Name:
D8: Organization:
Once all these are filled, I want the formula to produce a result like
FirstName.M.LastName@Organization.com
I have used the following formula.
[Code] .....
Problem is if there is a middle name the formula works fine, but in case where there is no middle name, it produces the following result.
FirstName..LastName@Organization.com
How do I remove the additional (.) in cases where there is no middle name.
Attached File : Email Generator.xlsx‎
I'm having some trouble trying to get excel to input a formula into a cell. I'm still a novice at VBA right now, so I don't think my problem will be too much of a brain buster.
I want a formula in Cell A6 (and I already know it correctly works) in this format: =E6&VLOOKUP(I6,'FA-Fund Data'!B$1:C$2000,2,FALSE)&J6