AMORLINC

Syntax:

AMORLINC ( cost , date-purchased , first-period , salvage , period ,
rate [ , [ basis ] ] )

Description: Computes the depreciation for each accounting period. (This function is provided for the French accounting system. If an asset is purchased in the middle of the accounting period, the prorated depreciation is taken into account.)

Arguments:

Name	Type	Description
cost	number	The cost of the asset.
date-purchased	number	The date of the purchase of the asset.
first-period	number	The date of the end of the first period.
salvage	number	The salvage value at the end of the life of the asset.
period	number	The period.
rate	number	The rate of depreciation.
basis	number	The truncated integer type of day count basis to use, as follows: Value Day Count Basis 0 or omitted US (NASD) 30/360 1 Actual/actual 2 Actual/360 3 Actual/365 4 European 30/360

 

Return Type and Value: number – The depreciation for each accounting period.

However, if:

• cost, salvage, period, or rate < 0, #NUM! is returned.

• date-purchased or first-period is out of range for the current date base value, #NUM! is returned.

• basis < 0 or basis > 4, #NUM! is returned.

[Example:

AMORLINC(2400,DATE(2008,8,19),DATE(2008,12,31),300,1,0.15,1) results in 360.00

end example]