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The AMORDEGRC function is one of the financial functions. It is used to calculate the depreciation of an asset for each accounting period using a degressive depreciation method.


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

The AMORDEGRC function has the following arguments:

Argument Description
cost The cost of the asset.
date_purchased The date when asset is purchased.
first_period The date when the first period ends.
salvage The salvage value of the asset at the end of its lifetime.
period The period you wish to calculate depreciation for.
rate The rate of depreciation.
basis The day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. The possible values are listed in the table below.

The basis argument can be one of the following:

Numeric value Count basis
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360


Dates must be entered by using the DATE function.

How to apply the AMORDEGRC function.



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