totn Excel Functions

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:

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