Calculates the amount of depreciation for a settlement period as degressive amortization. Unlike AMORLINC, a depreciation coefficient that is independent of the depreciable life is used here.
AMORDEGRC(Cost; Date Purchased; First Period; Salvage; Period; Rate; Basis)
Cost is the acquisition costs.
Date Purchased is the date of acquisition.
First Period is the end date of the first settlement period.
Salvage is the salvage value of the capital asset at the end of the depreciable life.
Period is the settlement period to be considered.
Rate is the rate of depreciation.
Basis (optional) is chosen from a list of options and indicates how the year is to be calculated.
|0 or missing||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|