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Financial - AMORLINC Function
Description
The 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])
Arguments
| Argument | Description | Required/ Optional |
|---|---|---|
| Cost | The cost of the asset. | Required |
| Date_purchased | The date of the purchase of the asset. | Required |
| First_period | The date of the end of the first period. | Required |
| Salvage | The salvage value at the end of the life of the asset. | Required |
| Period | The period. | Required |
| Rate | The rate of depreciation. | Required |
| Basis | The year basis to be used. Look at the Year Basis Table below. |
Optional |
Year Basis Table
| 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) |
Notes
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.
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.
If the date_purchased is > first_period, AMORLINC returns #NUM! error value.
If salvage > cost, AMORLINC returns #NUM! error value.
If Invalid numbers are supplied for the salvage, period, rate or [basis] arguments (i.e. if either: salvage < 0, period < 0, rate ≤ 0, or [basis] is any number other than 0, 1, 2, 3 or 4), AMORLINC returns #NUM! error value.
If date_purchased or first_period are not valid Excel dates, AMORLINC returns #VALUE! error value.
If any of the specified arguments is non-numeric, AMORLINC returns #VALUE! error value.
Applicability
Excel 2007, Excel 2010, Excel 2013, Excel 2016
Example
