Excel formula to enhance depreciation pro-rated formula
I am building a file to calculate the depreciation amount of several items with various capitalization dates and depreciation rates. I currently have worked something out but it seems too basic, I am trying to fit as many of the already created formulas from column I to N into one to make it nice and clean. I am struggling to mix & match formuals to get there. Any suggestions on which formuals I should use is most welcomed.
From column A to G, it is data generated by a system. From Column I to N is the couple of basic formulas I have added.
Cell I13 has: =YEAR($C$10)-YEAR(B13)
Cell J13 has: =MONTH($C$10)-MONTH(B13)+1
Cell K13 has: =(I13*12)+J13
Cell L13 has: =VLOOKUP(A13,$B$4:$D$8,3,FALSE)
Cell M13 has: =VLOOKUP(A13,$B$4:$E$8,4,FALSE)
Cell N13 has: =IF(K13<M13,-C13*K13/M13,-C13)
The depreciation is calculated from the month of purchase of the asset (capitalisation date) and not by day.
I to N on one formula
=-MIN($C13,$C13/VLOOKUP($A13,$B$4:$E$8,4,0)*(DATEDIF($B13,$C$10,"M")+1))
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