How to Use the DEPRECIATION (DB) Formula in Excel DEPRECIATION (DB) Formula in Excel is used to return the depreciation of an asset for a specified period using the fixed-declining balance method. Formula Explanation Cost (required): The historical cost of the asset. Salvage (required): The value of the asset at the end of the depreciation period (salvage value of the asset). Life (required): The number of periods over which the asset is being depreciated (i.e. this is the useful life of the asset). Period (required): The period for which you want to calculate the depreciation. Periods must use the same units as life. E.g. if you use years for life, you should use years for a period. Month (optional): The number of months in the first year. If the month is omitted, it is assumed to be 12 months. Example: Johnson & Co. purchase 3 pieces of equipment for its business…

How to create a searchable drop-down list using a filtered dynamic list based on a search term. Here’s a breakdown of how it works and how you can implement it in Excel: Steps to Create the Searchable Drop-Down List: Input Your Data: Place your data (e.g., “Product Description”) in a column (e.g., E2:E9 in your example). Set up the Search Cell: Create a cell for the search term (e.g., C2 in the example). Dynamic Filter Formula: Use the FILTER function in a helper column to create a dynamic filtered list. Formula: =FILTER(E2:E9, ISNUMBER(SEARCH(C2, E2:E9)), “No Results”) E2:E9: The range containing the data to filter. SEARCH(C2, E2:E9): Finds matches based on the search term entered in C2. ISNUMBER: Returns TRUE for matching items, ensuring only valid matches are included. “No Results”: Message shown when no matches are found. Create the Drop-Down List: Use Data Validation to link the filtered list to…