AMORLINC(cost, DP, FP, salvage, period, rate, basis)
- where, is the cost of the asset
- is the date of purchase of asset
- is the end of first period
- is the salvage value at the end of life of asset
- is the accounting period
- is the rate of depreciation
- is the year basis to be used
AMORLINC() calculates the depreciation for each accounting period.
Description
- The function calculates the decrease in value of asset for the mentioned period.
- If > , Calci displays #N/A error message.
- also called as 'residual value' is the remaining value of an asset after it has been fully depreciated.
- If is <=0, Calci displays #N/A error message.
- If is omitted, Calci assumes it as 0.5 years(6 months).
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle basis} value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle basis} values:
| Basis | Description |
|---|---|
| 0 | 360 days (NASD) |
| 1 | Actual |
| 3 | 365 days in a year |
| 4 | 360 days in a year (European) |
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle basis} value is other than 0, 1, 3 or 4, Calci displays #N/A error message.
Examples
Consider the following example that shows the use of AMORLINC function:
| 3200 | ||
| 8/19/2010 | ||
| 12/31/2010 | ||
| 250 | ||
| 1 | ||
| 18% | ||
| 1 |
=AMORLINC(A1,A2,A3,A4,A5,A6,A7) displays 576 as a result.