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formula field for Total Depreciation
I have 3 custom fields for my Property object: Purchase Date, Annual Depreciation and Total Depreciation. I am writing a formula and here is a draft for the Total Depreciation field:
ABS(YEAR(TODAY())-YEAR(Purchase_Date__c)) * Annual_Depreciation__c
I want to revise the formula so that if the purchase date were 12/23/2018 and we were using 3/23/2020 as the current date, the time calculation would be more precise. Under my current formula ABS(YEAR(TODAY())-YEAR(Purchase_Date__c)), the value returned is 2 years. I would like it to be a more exact number (in this case 1.25 years). Any help with the revised formula would be appreciated.
ABS(YEAR(TODAY())-YEAR(Purchase_Date__c)) * Annual_Depreciation__c
I want to revise the formula so that if the purchase date were 12/23/2018 and we were using 3/23/2020 as the current date, the time calculation would be more precise. Under my current formula ABS(YEAR(TODAY())-YEAR(Purchase_Date__c)), the value returned is 2 years. I would like it to be a more exact number (in this case 1.25 years). Any help with the revised formula would be appreciated.