AMORLINC returns the prorated liner depreciation of an asset for each accounting period.

1. EXCEL
FUNCTIONS:
AMORLINC
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2. EXCEL FUNCTIONS
Excel Functions
Financial Logical Text Date &
Time
Lookup &
Reference Math & Trig Statistics Engineering Information
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3. FINANCIAL FUNCTIONS STARTING WITH THE LETTER
A
Financial
Functions
ACCRINT ACCRINTM AMORDEGRC AMORLINC
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4. AMORLINC
FUNCTION
DESCRIPTION
& SYNTAX
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AMORLINC returns the prorated liner
depreciation of an asset for each
accounting period.
Cost, date_purchased, first_period,
salvage, period, rate, basis

5. THE
ARGUMENTS
OF
AMORLINC
FUNCTION
AS
FOLLOWS:
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Argument Meaning
Cost The cost of the asset.
purchase_date The date that the asset was purchased.
first_period The date of the end of the first period.
Salvage The salvage value after the asset has been fully depreciated.
Period The period in which to calculate the linear depreciation.
Rate The rate of depreciation.
Basis Optional. It is the type of year basis to use when calculating
the depreciation. If this parameter is omitted, it assumes that
the basis is set to 0. It can be any of the following values:
[basis] = Day Count Basis
0 (or omitted) = US (NASD) 30/360
1 = actual/actual
2 = actual/360
3 = actual/365
4 = European 30/360

6. AMORLINC
FUNCTION
EXAMPLE
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The purchase cost of the asset is $10,000
The purchase date of the asset is 1st January 2019
A fiscal year ends on 31st December 2019
The salvage of the asset is $1,000
The period in which to calculate the linear depreciation is the first period
The depreciation rate is 20%
The type of year basis to use when calculating the depreciation is 360 days (NASD)

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