# Documentation/Calc Functions/AMORDEGRC

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## Function name:

AMORDEGRC

## Category:

Financial Analysis

## Summary:

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.

## Syntax:

AMORDEGRC(**Cost**; **Date Purchased**; **First Period**; **Salvage**; **Period**; **Rate**; **Basis**)

## Returns:

## Arguments:

**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.

Basis | Calculation |
---|---|

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 |