Documentation/How Tos/Calc: AMORLINC function
From Apache OpenOffice Wiki
AMORLINC
Returns depreciation for a settlement period as linear amortization.
This function is only available if the Analysis AddIn is installed.
Syntax:
AMORLINC(cost; date_purchased; first_period; salvage; period; rate; basis)
- Calculates the amount of depreciation for a settlement period as linear amortization. If the capital asset is purchased during the settlement period, the proportional amount of depreciation is considered.
- 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:
AMORLINC(1000; "2004-02-01"; "2004-12-31"; 10; 8; 0.1; 1)
- returns 100.
