AMORDEGRC Google Sheet Formula
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AMORDEGRC Formula Syntax
Example Use Case
Calculating depreciation using the French accounting system's degressive method
Understanding the AMORDEGRC Formula
The AMORDEGRC function in Excel calculates the depreciation of an asset for each accounting period using the French accounting system's degressive method. It's a specialized depreciation tool for European accounting—like calculating asset value reduction with a coefficient based on asset life.
AMORDEGRC(1000, "2022-01-01", "2022-12-31", 100, 5, 0.15, 1) returns the depreciation for a €1000 asset with €100 salvage value over 5 years at 15% rate. It takes cost, purchase_date, first_period, salvage, period, rate, basis arguments, applying the French degressive method with built-in coefficients based on asset life.
Why Use AMORDEGRC?
AMORDEGRC handles European-style depreciation—think French or other continental accounting systems. Its specific methodology applies appropriate coefficients based on asset life, making it valuable for international accounting, European subsidiaries, or specialized financial reporting.
Example with Sample Data
| Parameters | Formula | Result |
|---|---|---|
| Cost: €1000 Purchase: 1/1/2022 First Period: 12/31/2022 Salvage: €100 Period: 1, Life: 5 years Rate: 15% | =AMORDEGRC(1000, "1/1/2022", "12/31/2022", 100, 1, 0.15, 1) | 225 |
| Same asset, Period 2 | =AMORDEGRC(1000, "1/1/2022", "12/31/2022", 100, 2, 0.15, 1) | 191 |
| Same asset, Period 3 | =AMORDEGRC(1000, "1/1/2022", "12/31/2022", 100, 3, 0.15, 1) | 161 |
AMORDEGRC applies French degressive depreciation: €225 in year 1 for a €1000 asset. It's a European depreciation specialist.
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