writer
6,694
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − + − *where, <math>cost</math> is the cost of the asset − *<math>DP</math> is the date of purchase of asset − *<math>FP</math> is the end of first period − *<math>salvage</math> is the salvage value at the end of life of asset − *<math>period</math> is the accounting period − *<math>rate</math> is the rate of depreciation − *<math>basis</math> is the year basis to be used − + + + + + + + + + − + − + − + − + − + − + Line 33:
Line 34: − +
no edit summary
<div style="font-size:25px">'''AMORLINC(cost, DP, FP, salvage, period, rate, basis)'''</div><br/>
<div style="font-size:25px">'''AMORLINC (Cost,DatePurchased,FirstPeriod,Salvage,Period,Rate,Basis)'''</div><br/>
AMORLINC() calculates the depreciation for each accounting period.
*where, <math>Cost</math> is the cost of the asset
*<math>DatePurchased</math> is the date of purchase of asset
*<math>FirstPeriod</math> is the end of first period
*<math>Salvage</math> is the salvage value at the end of life of asset
*<math>Period</math> is the accounting period
*<math>Rate</math> is the rate of depreciation
*<math>Basis</math> is the year basis to be used
AMORLINC(), returns the depreciation for each accounting period.
== Description ==
== Description ==
*The function calculates the decrease in value of asset for the mentioned period.
*The function calculates the decrease in value of asset for the mentioned period.
*If <math>DP</math> > <math>FP</math>, Calci displays #N/A error message.
*If <math>DatePurchased</math> > <math>FirstPeriod</math>, Calci displays #N/A error message.
*<math>salvage</math> also called as 'residual value' is the remaining value of an asset after it has been fully depreciated.
*<math>Salvage</math> also called as 'residual value' is the remaining value of an asset after it has been fully depreciated.
*If <math>rate</math> is <=0, Calci displays #N/A error message.
*If <math>Rate</math> is <=0, Calci displays #N/A error message.
*If <math>period</math> is omitted, Calci assumes it as 0.5 years(6 months).
*If <math>Period</math> is omitted, Calci assumes it as 0.5 years(6 months).
*<math>basis</math> value is optional. If omitted, Calci assumes it to be 0.
*<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of <math>basis</math> values:
Below table shows the use of <math>Basis</math> values:
{| class="wikitable"
{| class="wikitable"
|}
|}
*If <math>basis</math> value is other than 0, 1, 3 or 4, Calci displays #N/A error message.
*If <math>Basis</math> value is other than 0, 1, 3 or 4, Calci displays #N/A error message.
== Examples ==
== Examples ==