AMORLINC function

Returns 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.

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.

Cost     is the cost of the asset.

Date_purchased     is the date of the purchase of the asset.

First_period     is the date of the end of the first period.

Salvage     is the salvage value at the end of the life of the asset.

Period     is the period.

Rate     is the rate of depreciation.

Basis     is 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)


Remark

Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, January 1, 1900 is serial number 1, and January 1, 2008 is serial number 39448 because it is 39,448 days after January 1, 1900. Microsoft Excel for the Macintosh uses a different date system as its default.

Example

The example may be easier to understand if you copy it to a blank worksheet.

How to copy an example

  1. Create a blank workbook or worksheet.

  2. Select the example in the Help topic.

    Note   Do not select the row or column headers.

    Selecting an example from Help

    Selecting an example from Help

  3. Press CTRL+C.

  4. In the worksheet, select cell A1, and press CTRL+V.

  5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.

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Data

Description

2400

Cost

8/19/2008

Date purchased

12/31/2008

End of the first period

300

Salvage value

1

Period

15%

Depreciation rate

1

Actual basis (see above)

Formula

Description (Result)

=AMORLINC(A2,A3,A4,A5,A6,A7,A7)

First period depreciation (360)

Applies To: Excel 2007



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