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, then the prorated depreciation is taken into account.
If this function is not available, run the Setup program to install the Analysis ToolPak. After you install the Analysis ToolPak, you must enable it by using the Add-Ins command on the Tools menu.
Syntax
AMORLINC(cost,date_purchased,first_period,salvage,period,rate,basis)
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 |
360 days (NASD method) |
|
1 |
Actual |
|
3 |
365 days in a year |
|
4 |
360 days in a year (European method) |
Example
Suppose a machine bought on August 19, 1993, costs $2,400 and has a salvage value of $300, with a 15 percent depreciation rate. December 31, 1993, is the end of the first period.
AMORLINC(2400,34199,34334,300,1,0.15,1) equals a first period depreciation of $360