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AMORLINC function and ways to use
This article describes the formula syntax and usage of the
AMORLINC function (function: A prewritten formula that takes a value or values,
performs an operation, and returns a value or values. Use functions to simplify
and shorten formulas on a worksheet, especially those that perform lengthy or
complex calculations.) in Microsoft Excel.
Description
Objective: 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
(argument: A value that provides information to an action, an event, a method,
a property, a function, or a procedure.):
Cost Required. The
cost of the asset.
Date_purchased
Required. The date of the purchase of the asset.
First_period
Required. The date of the end of the first period.
Salvage Required. The
salvage value at the end of the life of the asset.
Period Required. The
period.
Rate Required. The
rate of depreciation.
Basis Optional. 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)
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. Microsoft Excel for the Macintosh uses a different date system
as its default.
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