Documentation/How Tos/Calc: AMORLINC function

AMORLINC

Returns depreciation for a settlement period as linear amortization.

This function is only available if the Analysis AddIn is installed.

Syntax:

AMORLINC(cost; date_purchased; first_period; salvage; period; rate; basis)

Calculates the amount of depreciation for a settlement period as linear amortization. If the capital asset is purchased during the settlement period, the proportional amount of depreciation is considered.

cost: the acquisition costs.

date_purchased: the date of acquisition.

first_period: the end date of the first settlement period.

salvage: the salvage value of the capital asset at the end of the depreciable life.

period: the settlement period to be considered.

rate: the rate of depreciation.

basis: is chosen from a list of options and indicates how the year is to be calculated. Defaults to 0 if omitted.

0 - US method (NASD), 12 months of 30 days each

1 - Exact number of days in months, exact number of days in year

2 - Exact number of days in month, year has 360 days

3 - Exact number of days in month, year has 365 days

4 - European method, 12 months of 30 days each

Example:

AMORLINC(1000; "2004-02-01"; "2004-12-31"; 10; 8; 0.1; 1)

returns 100.

See also:

AMORDEGRC

Financial functions