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.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?- On the Tools menu, click Add-Ins.
- In the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
- If necessary, follow the instructions in the setup program.
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.
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 or omitted | 360 days (NASD method) |
| 1 | Actual |
| 3 | 365 days in a year |
| 4 | 360 days in a year (European method) |
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.
Example
The example may be easier to understand if you copy it to a blank worksheet.
- Create a blank workbook or worksheet.
- Select the example in the Help topic. Do not select the row or column headers.
Selecting an example from Help
- Press CTRL+C.
- In the worksheet, select cell A1, and press CTRL+V.
- To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
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