Home / Formula Types / Financial / Amorlinc

Formula generator for AMORLINC function

The AMORLINC function is used to calculate the depreciation for an accounting period or the prorated depreciation if the asset was purchased in the middle of a period. It takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.

Formula generator

Spreadsheet AI is the #1 AI for generating and comprehending Excel and Google Sheets formulas. With its advanced capabilities, it goes beyond the basics by providing support for VBA and custom tasks. Streamline your spreadsheet with Spreadshee AI

Product Demo

How to generate an AMORLINC formula using AI.

To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To get the AMORLINC formula for your data, you can ask the AI chatbot the following question: "What is the Excel formula for AMORLINC and how can I use it with my data?"

AMORLINC formula syntax

The AMORLINC function in Excel is used to calculate the depreciation of an asset for a specific accounting period using the linear depreciation method. Here is the syntax of the AMORLINC function: =AMORLINC(cost, date_purchased, first_period, salvage, period, rate, basis) - cost: The initial cost of the asset. - date_purchased: The date when the asset was purchased. - first_period: The date of the first period for which you want to calculate depreciation. - salvage: The estimated value of the asset at the end of its useful life. - period: The period for which you want to calculate depreciation. - rate: The annual depreciation rate. - basis: Optional argument that specifies the day count basis to use. Note: The AMORLINC function is available in Excel 2013 and later versions.

Use Cases & Examples

In this use case, we use the AMORLINC formula to calculate the prorated linear depreciation of an asset over a specific period of time.

Calculating Depreciation for an Accounting Period

Description

In this use case, we use the AMORLINC function to calculate the depreciation for an accounting period. The function takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.

Result

=AMORLINC(cost, purchase_date, first_period_end, salvage, period, rate, [basis])

Prorated Depreciation for an Asset Purchased in the Middle of a Period

Description

In this use case, we use the AMORLINC function to calculate the prorated depreciation for an asset that was purchased in the middle of a period. The function considers the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.

Result

=AMORLINC(cost, purchase_date, first_period_end, salvage, period, rate, [basis])

Calculating Depreciation with Different Basis

Description

In this use case, we use the AMORLINC function to calculate the depreciation for an accounting period, but with a different basis. The function takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.

Result

=AMORLINC(cost, purchase_date, first_period_end, salvage, period, rate, [basis])

AI tips

Enhance Your Excel Efficiency with AI Tips: Discover our innovative Excel add-in feature, ‘AI Tips.’ Streamline your workflow and boost productivity as AI-powered suggestions offer real-time insights for optimal spreadsheet organization, data analysis, and visualization. Elevate your Excel experience with intelligent recommendations tailored to your unique needs, helping you work smarter and achieve more.

Provide Clear Context

When describing your requirements to the AI, provide clear and concise context about the data you have, the specific task you want to accomplish, and any relevant constraints or conditions. This helps the AI understand the problem accurately.

Include Key Details

Include important details such as column names, data ranges, and specific criteria that need to be considered in the formula. The more precise and specific you are, the better the AI can generate an appropriate formula.

Use Examples

If possible, provide examples or sample data to illustrate the desired outcome. This can help the AI better understand the pattern or logic you are looking for in the formula.

Mention Desired Functionality

Clearly articulate the functionality you want the formula to achieve. Specify if you are looking for lookups, calculations, aggregations, or any other specific operations.

FAQ

Frequently Asked Questions

  • The AMORLINC function is used to calculate the depreciation of an asset for a specified period using the declining balance method. It returns the depreciation amount for each period.
  • The AMORLINC function requires the following arguments: cost, date_purchased, first_period, salvage, period, rate, basis. The cost is the initial cost of the asset, date_purchased is the date the asset was purchased, first_period is the date of the first period, salvage is the value at the end of the depreciation period, period is the period for which you want to calculate depreciation, rate is the rate of depreciation per period, and basis is the basis for calculation.
  • The basis argument in the AMORLINC function specifies the day count basis to use for calculating the period. It can be 0 or omitted for the US (NASD) 30/360 basis, 1 for the actual/actual basis, 2 for the actual/360 basis, 3 for the actual/365 basis, or 4 for the European 30/360 basis.
  • No, the AMORLINC function can only be used to calculate the depreciation for a single asset. If you have multiple assets, you will need to use the function separately for each asset.
  • The AMORLINC function returns the depreciation amount for each period as an absolute value.

We use cookies on our site.