Example: Depreciation - Straight Line Method
The straight line depreciation for one period of an asset with a life of 24 months, an initial cost of $2500 and a salvage value of $500 is computed.
import com.imsl.finance.*;
import java.text.NumberFormat;
public class slnEx1 {
public static void main(String args[]) {
double cost = 2500;
double salvage = 500;
int life = 24;
double sln = Finance.sln(cost, salvage, life);
System.out.println("The straight line depreciation of the asset " +
"for one period is " + NumberFormat.getCurrencyInstance().format(sln));
}
}
Output
The straight line depreciation of the asset for one period is $83.33
Link to Java source.