AMORLINC
Returns the depreciation for each accounting period
Syntax
AMORLINC(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
- first_period: Required. The date of the end of the first period
- salvage: Required. The salvage value
- period: Required. The period
- rate: Required. The rate of depreciation
- basis: Optional. The year basis
Example
=AMORLINC(2400, "08/19/2024", "12/31/2024", 300, 1, 0.15, 1)