This post will guide you how to use Excel AMORDEGRC function with syntax and examples in Microsoft excel.
The Excel AMORDEGRC function returns the linear depreciation of an asset for each accounting period by using a depreciation coefficient.
The AMORDEGRC function is a build-in function in Microsoft Excel and it is categorized as a Financial Function.
The AMORDEGRC function is available in Excel 2016, Excel 2013, Excel 2010, Excel 2007, Excel 2011 for Mac.
The syntax of the AMORDEGRC function is as below:
= AMORDEGRC (cost, date_purchased, first_period, salvage, period, rate, [basis])
Where the AMORDEGRC function arguments are:
Cost -This is a required argument. The cost of the asset.
Date_purchased – This is a required argument. The date that the asset was purchased.
First_period – This is a required argument. The date of the end of the first period.
Salvage – This is a required argument. The salvage value at the end of the life of the asset.
Period – This is a required argument. The period in which to calculate the depreciation.
Rate– This is a required argument. The rate of depreciation.
Basis – This is a required argument. The year basis to be used. The following values can be used:
|0 or omitted||360 days (NASD method)|
|3||365 days in a year|
|4||360 days in a year (European method)|
The below examples will show you how to use Excel AMORDEGRC Function to calculate the linear depreciation of an asset for each accounting period.