I am working on a project for calculating depreciation and having trouble changing my formula for depreciation expense to an IF formula. I understand that the test should be for book value > salvage value so depreciation is allowed. I am unsure as to how to put all of this into a working formula.
My original formula for straight line dep. expense is =SLN($D$1,$D$2,$D$3.
How do I go about changing this to an IF formula?
My original formula for straight line dep. expense is =SLN($D$1,$D$2,$D$3.
How do I go about changing this to an IF formula?