            AMORTIZATION & DEPRECIATION
   The Amortization portion of this selection is broken into
three parts: a simple amortization table, an uniform
principle only payment amortization table (accelerated pay
off), and a random additional principle payment amortization
table.   The simple table describes terms of a contract
payment, while the accelerated schedule will track the impact
of uniform additional payments from an interim starting point
to the pay off, the random additional payment schedule can be
used to track the impact of either non-uniform additional
payments or baloon payment.
   Two methods are used to develop the depreciation tables:
straight line and sum of the years.   The sum of the years
method front loads the depreciation and tends to improve the
early year after tax cash flow.   Data that you will need for
amortization is: Borrowers name, Lenders name, Loan amount,
Interest rate (%), Amortization period (months), Date of 1st
payment, Payment # to start uniform additional payments,
Uniform additional payment amount, Individual additional
payment amounts with payment numbers.  For depreciation you
need: Item name, Useful life, and Salvage value (if any).

