This article describes the formula syntax and usage of the AMORLINC function in Microsoft Excel.

Description

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.

The AMORLINC function syntax has the following arguments:

BasisDate system
0 or omitted360 days (NASD method)
1Actual
3365 days in a year
4360 days in a year (European method)

Remarks

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.

Example

Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.

DataDescription
2400Cost
39679Date purchased
39813End of the first period
300Salvage value
1Period
0.15Depreciation rate
1Actual basis (see above)
FormulaDescriptionResult
=AMORLINC(A2,A3,A4,A5,A6,A7,A7)First period depreciation360

Leave a Reply

Your email address will not be published. Required fields are marked *

Open chat
1
ভর্তি/সার্টিফিকেট তথ্য জানতে ক্লিক করুন
Scan the code
আস সালামু আলাইকুম। বিস্তারিত জানতে/ কল করতে ক্লিক করুন Open Chat বাটনে