Documentation/How Tos/Calc: AMORDEGRC function

AMORDEGRC

Returns depreciation for a settlement period as degressive amortization.

Syntax:

AMORDEGRC(cost; date_purchased; first_period; salvage; period; rate; basis)

Calculates the amount of depreciation for a settlement period as degressive amortization. Unlike AMORLINC, a depreciation coefficient that is independent of the depreciable life is used here.

cost: the acquisition costs.

date_purchased: the date of acquisition.

first_period: the end date of the first settlement period.

salvage: the salvage value of the capital asset at the end of the depreciable life.

period: the settlement period to be considered.

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

Example:

AMORDEGRC(1000; ”2006-02-01”; ”2006-12-31”; 10; 0; 0.1; 1)

returns 228.

See also:

AMORLINC

Financial functions