Formula generator for AMORLINC function
The AMORLINC function is used to calculate the depreciation for an accounting period or the prorated depreciation if the asset was purchased in the middle of a period. It takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.
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How to generate an AMORLINC formula using AI.
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AMORLINC formula syntax
The AMORLINC function in Excel is used to calculate the depreciation of an asset for a specific accounting period using the linear depreciation method. Here is the syntax of the AMORLINC function: =AMORLINC(cost, date_purchased, first_period, salvage, period, rate, basis) - cost: The initial cost of the asset. - date_purchased: The date when the asset was purchased. - first_period: The date of the first period for which you want to calculate depreciation. - salvage: The estimated value of the asset at the end of its useful life. - period: The period for which you want to calculate depreciation. - rate: The annual depreciation rate. - basis: Optional argument that specifies the day count basis to use. Note: The AMORLINC function is available in Excel 2013 and later versions.
Use Cases & Examples
In this use case, we use the AMORLINC formula to calculate the prorated linear depreciation of an asset over a specific period of time.
Calculating Depreciation for an Accounting Period
Description
In this use case, we use the AMORLINC function to calculate the depreciation for an accounting period. The function takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.
Result
=AMORLINC(cost, purchase_date, first_period_end, salvage, period, rate, [basis])
Prorated Depreciation for an Asset Purchased in the Middle of a Period
Description
In this use case, we use the AMORLINC function to calculate the prorated depreciation for an asset that was purchased in the middle of a period. The function considers the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.
Result
=AMORLINC(cost, purchase_date, first_period_end, salvage, period, rate, [basis])
Calculating Depreciation with Different Basis
Description
In this use case, we use the AMORLINC function to calculate the depreciation for an accounting period, but with a different basis. The function takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.
Result
=AMORLINC(cost, purchase_date, first_period_end, salvage, period, rate, [basis])
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FAQ
Frequently Asked Questions
- The AMORLINC function is used to calculate the depreciation of an asset for a specified period using the declining balance method. It returns the depreciation amount for each period.
- The AMORLINC function requires the following arguments: cost, date_purchased, first_period, salvage, period, rate, basis. The cost is the initial cost of the asset, date_purchased is the date the asset was purchased, first_period is the date of the first period, salvage is the value at the end of the depreciation period, period is the period for which you want to calculate depreciation, rate is the rate of depreciation per period, and basis is the basis for calculation.
- The basis argument in the AMORLINC function specifies the day count basis to use for calculating the period. It can be 0 or omitted for the US (NASD) 30/360 basis, 1 for the actual/actual basis, 2 for the actual/360 basis, 3 for the actual/365 basis, or 4 for the European 30/360 basis.
- No, the AMORLINC function can only be used to calculate the depreciation for a single asset. If you have multiple assets, you will need to use the function separately for each asset.
- The AMORLINC function returns the depreciation amount for each period as an absolute value.