View difference between Paste ID: GiFpeR0e and iUJztpat

 var colorStart : Color = Color.red;
 var colorEnd : Color = Color.green;
-var duration : float = 1.0;
+var animationDuration : float = 1.0;
-var elapsed: float = 0.0;
+private var startTime : float;
-var finished : boolean = false;
+private var endTime : float;
-var animDurationInFrames : float = 0.4;
+private var finished = true;
 
 function Update () {
 
     if (!finished) {
-        if (elapsed < duration && finished == false) {
+
-                renderer.material.color = Color.Lerp (colorStart, colorEnd, elapsed);
+        var i = Mathf.InverseLerp(startTime, endTime, Time.time);
-        } else {
+        renderer.material.color = Color.Lerp (colorStart, colorEnd, i);
-                finished = true;
+        finished = (Time.time > endTime);
 
     } else {
-		if (finished == true) {
+
-				renderer.material.color = Color.Lerp (colorEnd, colorStart, elapsed);
+        if (renderer.enabled) {
-		}
+            StartAnimation();
         }
-        if (gameObject.renderer.enabled && gameObject.renderer.enabled == true) {
+
-                        elapsed = elapsed + (Time.deltaTime / animDurationInFrames);
+    }
 
 }
-        if (gameObject.renderer.enabled == false) {
+
-        	elapsed = 0.0;
+function StartAnimation() {
-        	finished = false;
+
     startTime = Time.time;
     endTime = startTime + animationDuration;
     finished = false;
 
 }