Manuals/calci/AMORLINC

AMORLINC (Cost,DatePurchased,FirstPeriod,Salvage,Period,Rate,Basis)

• where, $Cost$ is the cost of the asset
• $DatePurchased$ is the date of purchase of asset
• $FirstPeriod$ is the end of first period
• $Salvage$ is the salvage value at the end of life of asset
• $Period$ is the accounting period
• $Rate$ is the rate of depreciation
• $Basis$ is the year basis to be used
  • AMORLINC(), returns the depreciation for each accounting period.

Description

• The function calculates the decrease in value of asset for the mentioned period.
• If $DatePurchased$ > $FirstPeriod$, Calci displays #N/A error message.
• $Salvage$ also called as 'residual value' is the remaining value of an asset after it has been fully depreciated.
• If $Rate$ is <=0, Calci displays #N/A error message.
• If $Period$ is omitted, Calci assumes it as 0.5 years(6 months).
• $Basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $Basis$ values:

Basis	Description
0	360 days (NASD)
1	Actual
3	365 days in a year
4	360 days in a year (European)

• If $Basis$ 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.

Related Videos

AMORLINC

See Also

• DURATION
• ACCRINT

References

• Depreciation
• Day Count Basis

• List of Main Z Functions

• Z3 home