Calculating Declining Depreciation
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Hi,
I am trying to do a Declining Depreciation calculation in a Forminator Calculation however am unable to.
The result i require = (Purchase Price)*(1-((Yearly Depreciation Percentage)/100))^(Years of Ownership))
Input Variables:
Purchase Price: $100,000
Years of Ownership: 7
Yearly Depreciation: 15%Result = (100,000)*(1-((15)/100))^(7)) = $32,057.70…
Can i somehow do this in the calculations field?
Thank you!
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