AMORLINC function
Summary
Returns the depreciation for each accounting period
Syntax
AMORLINC(cost, date_purchased, first_period, salvage, period, rate, [basis])
Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
The AMORLINC function syntax has the following arguments:
• Cost Required. The cost of the asset.
• Date_purchased Required. The date of the purchase of the asset.
• First_period Required. The date of the end of the first period.
• Salvage Required. The salvage value at the end of the life of the asset.
• Period Required. The period.
• Rate Required. The rate of depreciation.
• Basis Optional. The year basis to be used.
Basis | Date system
0 or omitted | 360 days (NASD method)
1 | Actual
3 | 365 days in a year
4 | 360 days in a year (European method)
The AMORLINC function syntax has the following arguments:
• Cost Required. The cost of the asset.
• Date_purchased Required. The date of the purchase of the asset.
• First_period Required. The date of the end of the first period.
• Salvage Required. The salvage value at the end of the life of the asset.
• Period Required. The period.
• Rate Required. The rate of depreciation.
• Basis Optional. The year basis to be used.
Basis | Date system
0 or omitted | 360 days (NASD method)
1 | Actual
3 | 365 days in a year
4 | 360 days in a year (European method)
Example
=AMORLINC(A2,A3,A4,A5,A6,A7,A7)