MS Excel: How to use the AMORLINC Function (WS)
This Excel tutorial explains how to use the Excel AMORLINC function with syntax and examples.
Description
The Microsoft Excel AMORLINC function returns the depreciation of an asset for each accounting period, on a prorated basis.
The AMORLINC function is a built-in function in Excel that is categorized as a Financial Function. It can be used as a worksheet function (WS) and a VBA function (VBA) in Excel. As a worksheet function, the AMORLINC function can be entered as part of a formula in a cell of a worksheet.
Syntax
The syntax for the AMORLINC function in Microsoft Excel is:
AMORLINC( cost, purchase_date, first_period, salvage, period, rate, [basis] )
Parameters or Arguments
- 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:
Value Explanation 0 360 days (NASD) 1 Actual 3 365 days (in a year) 4 360 days (in a year)
Returns
The AMORLINC function returns a numeric value.
Applies To
- Excel for Office 365, Excel 2019, Excel 2016, Excel 2013, Excel 2011 for Mac, Excel 2010, Excel 2007
Type of Function
- Worksheet function (WS)
Example (as Worksheet Function)
Let's look at some Excel AMORLINC function examples and explore how to use the AMORLINC function as a worksheet function in Microsoft Excel:
Based on the Excel spreadsheet above, the following AMORLINC examples would return:
=AMORLINC(B1,B2,B3,B4,B5,B6,B7) Result: 3000 =AMORLINC(10000,DATE(2012,3,1),DATE(2012,12,31),1500,1,0.3,1) Result: 3000 =AMORLINC(10000,DATE(2012,3,1),DATE(2012,12,31),1500,1,30%,1) Result: 3000
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