Difference between revisions of "Documentation/How Tos/Calc: AMORLINC function"

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== AMORLINC ==
 
== AMORLINC ==
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:: 4 - European method, 12 months of 30 days each
 
:: 4 - European method, 12 months of 30 days each
  
: Calculates the amount of depreciation for a period, using a linear depreciation method as in French accounting systems.
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: Calculates the amount of depreciation for a period, using a linear depreciation method, as in French accounting systems.
  
 
: The book life time of the asset is 1/<tt>'''rate'''</tt>, which is an initial fractional period up to the first period end, then a number of full periods, then a fractional period to the end of the asset's life.
 
: The book life time of the asset is 1/<tt>'''rate'''</tt>, which is an initial fractional period up to the first period end, then a number of full periods, then a fractional period to the end of the asset's life.
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=== Issues: ===
 
=== Issues: ===
* Calc and Excel calculate differently when the date of purchase is the end of a period. Excel regards the initial period 0 as the first full period. Calc (it is believed correctly) regards the initial period 0 as of zero length, and thus correctly returns zero depreciation. Example: <tt>'''AMORLINC(1000;"2008-12-31";"2008-12-31";100;0;0.25;1)'''</tt> returns <tt>'''0'''</tt> in Calc and <tt>'''250'''</tt> in Excel. In this example the final fractional period (giving <tt>'''150'''</tt> depreciation) is period 3 in Excel and period 4 in Calc.
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* Calc and Excel calculate differently when the date of purchase is the end of a period. Excel regards the initial period 0 as the first full period. Calc (it is believed correctly) regards the initial period 0 as of zero length, and thus correctly returns zero depreciation. Example: <tt>'''AMORLINC(1000;"2008-12-31";"2008-12-31";100;0;0.25;1)'''</tt> returns <tt>'''0'''</tt> in Calc and <tt>'''250'''</tt> in Excel. In this example, the final fractional period (giving <tt>'''150'''</tt> depreciation) is period 3 in Excel and period 4 in Calc.
  
  
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* [[Documentation/How_Tos/Calc: AMORDEGRC function|AMORDEGRC]]
 
* [[Documentation/How_Tos/Calc: AMORDEGRC function|AMORDEGRC]]
  
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* [[Documentation/How_Tos/Calc: Functions listed alphabetically|Functions listed alphabetically]]
 
* [[Documentation/How_Tos/Calc: Functions listed alphabetically|Functions listed alphabetically]]
 
* [[Documentation/How_Tos/Calc: Functions listed by category|Functions listed by category]]}}
 
* [[Documentation/How_Tos/Calc: Functions listed by category|Functions listed by category]]}}
[[Category: Documentation/Reference/Calc]]
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[[Category: Documentation/Reference/Calc/Financial functions]]

Latest revision as of 15:05, 30 January 2024

AMORLINC

Returns depreciation for a period using linear depreciation (French system).

This function is only available if the Analysis AddIn is installed.

Syntax:

AMORLINC(cost; purchase_date; first_period_end; salvage; period; rate; basis)

cost: the acquisition cost.
purchase_date: the date of acquisition.
first_period_end: the end date of the first depreciation period.
salvage: the salvage value at the end of life.
period: the period for which to calculate depreciation. 0 is the initial period (from purchase_date to first_period_end).
rate: the rate of depreciation.
basis: is chosen from a list of options and indicates how the year is to be calculated. Defaults to 0 if omitted.
0 - US method (NASD), 12 months of 30 days each
1 - Exact number of days in months, exact number of days in year
2 - Exact number of days in month, year has 360 days
3 - Exact number of days in month, year has 365 days
4 - European method, 12 months of 30 days each
Calculates the amount of depreciation for a period, using a linear depreciation method, as in French accounting systems.
The book life time of the asset is 1/rate, which is an initial fractional period up to the first period end, then a number of full periods, then a fractional period to the end of the asset's life.
The depreciation in the initial period 0 (the period (from purchase_date to first_period_end) is calculated proportionately and is given by:
cost*rate*YEARFRAC(purchase_date;first_period_end;basis).
The depreciation in subsequent whole periods is given by:
cost*rate.
In the final (fractional) period of the life time, the depreciation reduces the remaining book value of the asset to salvage; in other words it is:
cost - salvage - total_depreciation_charged_so_far.
AMORLINC returns 0 after this.

Example:

AMORLINC(1000; "2004-02-01"; "2004-12-31"; 10; 8; 0.1; 1)

returns 100.

Issues:

  • Calc and Excel calculate differently when the date of purchase is the end of a period. Excel regards the initial period 0 as the first full period. Calc (it is believed correctly) regards the initial period 0 as of zero length, and thus correctly returns zero depreciation. Example: AMORLINC(1000;"2008-12-31";"2008-12-31";100;0;0.25;1) returns 0 in Calc and 250 in Excel. In this example, the final fractional period (giving 150 depreciation) is period 3 in Excel and period 4 in Calc.




See Also
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