AMORLINC
Description
Calculates the prorated linear depreciation or amortization value. This function is intended for use with the French accounting system.
Syntax
AMORLINC(
cost
, date_purchased
, first_period
, salvage
, period
, rate
, [ basis
]) - cost: The cost of the asset.
- date_purchased: The purchase date of the asset.
- first_period: The date when the first period ends.
- salvage: The value of the asset at the end of its lifetime.
- period: The number of the period to calculate the depreciation for.
- rate: The rate of depreciation for the asset.
- basis: The financial day count to use, shown here using x/y where x = days per month and y = days per year. 0 or Empty = US NASD 30/360; 1 = actual/actual; 2 = actual/360; 3 = actual/365; 4 = European 30/360.