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Excel AMORDEGRC function

Author: Siluvia Last Modified: 2024-09-30

The AMORDEGRC function returns the linear depreciation of an asset for each accounting period by applying a depreciation coefficient based on the lifetime of the assets.

showing how to use AMORDEGERC fucntion

Syntax

AMORDEGRC(cost, date_purchased, first_period, salvage, period, rate, [basis])

Arguments

Cost (Required): The cost of the asset;
Date_purchased (Required): The date of the asset purchased;
First_period (Required): The end date of the first period;
Salvage (Required): The salvage value at the end of the lifetime of the asset;
Period (Required): The accounting period;
Rate (Required): The rate of depreciation;
Basis (Optional): An integer number (0, 1, 3 or 4) which specifies the year basis to be used. Default is 0.
 Basis  Date System 
 o or omitted  360 days (NASD method) 
 1  Actual
 3  365 days in a year
 4  360 days in a year (European method)

Remarks

1. This function is used for the French accounting system;
2. The AMORDEGRC function uses depreciation coefficient to calculate the depreciation. The depreciation coefficient is calculated by the asset life (=1/rate), here the depreciation coefficients are as follows:
 Lifetime of the assets  Depreciation Coefficient
 Between 3 and 4 years  1.5
 Between 5 and 6 years  2
 More than 6 years  2.5
3. The #NUM! error occurs when one of the following condition is met:
-- The “date_purchased” is greater than the “first_period”;
-- The “salvage” value is greater than the “cost”;
-- If any of the values in arguments “salvage”, “period”, “rate”, and [basis] contains an invalid number:
Such as: “salvage” < 0, period < 0, rate <= 0, or [basis] is any number other than 0, 1, 3 or 4;
4. The #VALUE! error occurs when one of the following condition is met:
-- The “date_purchased” or the “first_period” are not valid Excel dates;
-- Any of the arguments are non-numeric.

Return Value

It returns a numeric value representing the depreciation of an asset in a given accounting period.

Example

As shown in the screenshot below, the table on the left contains the details of an asset, and the table on the right is going to calculate the depreciation and the new value of this asset for each accounting period listing in E7:E12, you can do as follows to get it done.

showing how to use AMORDEGERC fucntion

Select a blank cell (here I select cell F7), copy or enter the formula below and press the Enter key to get the result. Select this result cell and then drag its AutoFill Handle down to get the depreciations for other accounting periods.

=AMORDEGRC($C$5, $C$6, $C$7, $C$8, E7, $C$9,$C$10)

showing how to use AMORDEGERC fucntion

Notes:

1. In this formula, E7 is the cell containing the first accounting period.
2. In cell G7 in column G, we calculate the new value of the asset by subtracting the depreciation from the cost of the asset at the beginning (G6), and then drag its AutoFill Handle down to get the new values of the asset in other accounting periods.
=G6-F7

Related Functions

Excel AMORLINC function
The AMORLINC function returns the linear depreciation of an asset for each accounting period.

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