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

AMORLINC

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