AMORLINC

AMORLINC depreciation of an asset using French accounting conventions

Synopsis

AMORLINC(cost,purchase_date,first_period,salvage,period,rate,basis)

Arguments

cost: initial cost of asset

purchase_date: date of purchase

first_period: end of first period

salvage: value after depreciation

period: subject period

rate: depreciation rate

basis: calendar basis

Description

AMORLINC calculates the depreciation of an asset using French accounting conventions. Assets purchased in the middle of a period take prorated depreciation into account.

Note

Named for AMORtissement LINeaire Comptabilite. If basis is 0, then the US 30/360 method is used. If basis is 1, then actual number of days is used. If basis is 2, then actual number of days is used within a month, but years are considered only 360 days. If basis is 3, then actual number of days is used within a month, but years are always considered 365 days. If basis is 4, then the European 30/360 method is used.

See also

AMORDEGRC.