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AMORLINC
This function calculates the depreciation for an accounting period, taking into account prorated depreciation.
Syntax
AMORLINC(cost, datepurchased, firstperiod, salvage, period, rate, [basis])
Arguments
This function has these arguments:
Argument | Description |
|---|---|
cost | [Required] Cost of the asset |
datepurchased | [Required] Purchase date of the asset |
firstperiod | [Required] End date of the first period |
salvage | [Required] Salvage value at the end of the life of the asset |
period | [Required] Accounting period |
rate | [Required] Rate of depreciation |
basis | [Optional] Integer representing the basis for day count |
Remarks
This function differs from AMORDEGRC, which applies a depreciation coefficient in the calculation depending on the life of the assets.
Examples
AMORLINC(B1,B2,B3,B4,B5,B6,B7)