Projected Depreciation calculated as per number of days.

[Suhail]

I have to prepare master sheet of fixed assets register in Excel which calculates projected depreciation as per number of days in month. For this, I have exported fixed assets register in excel from accounting software. The sheet contains data as of 31-Jul-12. I would like to highlight below points:


1. In the sheet, the book value of some of the assets are already zero. That's why the depreciation should be calculate on this. (Row No. 3 in attached sheet).

2. In Row No. 4, I have to calculate depreciation on balance book value. I want formula automatically stopped when book value becomes zero.

3. In Row No. 5, I have to calculate depreciation on projected purchase. As I am calculating depreciation from Aug-12 (not complete year), its book value becomes negative after depreciation fully charged. How to overcome this problem.

4. Since I have extracted the sheet as of 31-Jul-12, I cannot change the date of purchase. But for projected purchase (i.e. purchase after 31-Jul-12), I can take any date of the purchase in that particular month of purchase.

5. In Row No. 5 & 6, I have used EOMONTH formula given by Excel Fox. This formula helps me alot. As I have more than thousand rows, of assets which have been purchase before 31-Jul-12. And I have to calculate the depreciation on assets which are going to be purchase in next Five Years. Can I use EOMONTH formula in Row 3 & 4 to calculate projected depreciation. By this, I can use only one formula to calculate projected depreciation.

Regards


Suhail



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