AMORDEGRC
Returns the depreciation for each accounting period by using a depreciation coefficient
Syntax
AMORDEGRC(cost, date_purchased, first_period, salvage, period, rate, [basis])
Parameters
- cost: Required. The cost of the asset
- date_purchased: Required. The date of the purchase of the asset
- first_period: Required. The date of the end of the first period
- salvage: Required. The salvage value at the end of the life of the asset
- period: Required. The period
- rate: Required. The rate of depreciation
- basis: Optional. The year basis to be used
Example
=AMORDEGRC(2400, "08/19/2024", "12/31/2024", 300, 1, 0.15, 1)