AMORDEGRC function - Zoho Sheet - Help Guide

AMORDEGRC

Returns depreciation for a period using degressive amortization (French system). Unlike AMORLINC, it uses a depreciation coefficient that is independent of the depreciable period.

 

Syntax

 

AMORDEGRC(cost; purchase_date; first_period_end; salvage; period; rate; [basis])
cost: The original purchase price. Eg., 5000
purchase_date: The date of purchase. Eg., "2/1/2018"
first_period_end: The end date of the first depreciation period. Eg., "4/12/2018"
salvage: The salvage value at the end of asset's life. Eg., 400
period: The period for which you want to calculate the depreciation. 0 is the initial period (from purchase_date to first_period_end). Eg., 1
rate: The rate of depreciation. Eg., F2
basis: Indicates the day count method to use. 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

 

Remarks

The depreciation values are:

 

Life of asset (1/rate)

Depreciation Coefficient

Less than 3 years

1.0

Between 3 and 4 years

1.5

Between 5 and 6 years

2

More than 6 years

2.5


Examples  

 

Formula

Result

=AMORDEGRC(A2;B2;C2;D2;E2;F2;G2)

627

=AMORDEGRC(A3;B3;C3;D3;E3;F3;G3)

13685

=AMORDEGRC(A4;B4;C4;D4;E4;F4;G4)

5263785


Get a hands-on experience of the function in the embedded range below.   



Possible Errors

 

Errors

Meaning

#N/A!

  • The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.

#NAME!

  • The function name is incorrect or invalid.

  • The given defined name (if any) is invalid.

  • There is a typo in the defined name used in the function.

  • Double quotes are missing for text values in the function.

  • Colon missing in a cell range reference.

#VALUE!

  • The given argument's data type is incorrect or invalid.
    For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.

#REF!

  • The given cell reference is incorrect or invalid. This error may occur when a cell/range has been deleted, moved, or pasted over.

 

Similar Functions

  1. AMORLINC