Interface

#include <codecogs/finance/accounting/deprecprorated.h>

using namespace Finance::Accounting;

double

deprecProRated (double valCost,                int datePu,                int dateFi,                double valSalv,                int period,                double rate,                Finance::Banking::YearBasis basis) Return the depreciation for each accounting period. Excel: AMORLINC

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Function Documentation

This function calculates the depreciation of an asset for each accounting period. It is provided for use with the French accounting system. This function is equivalent to the Microsoft Excel function AMORLINC.

Example:

#include <stdio.h>
 
#include <codecogs/units/date/date.h>
#include <codecogs/finance/accounting/deprecprorated.h>
 
int main(void)
{
  int datePur=Units::Date::date(1998, 8, 19);
  int dateFir=Units::Date::date(1998, 12, 31);
  double deprec;
  deprec=Finance::Accounting::deprecProRated(2400,
                                         datePur,
                                         dateFir,
                                         300,
                                         1,
                                         0.15,
                                         Finance::Banking::yb_Act);
  int y, m, d;
  
  printf("Consider an asset with the following terms:\n\n");
  printf("cost 2400, salvage 300, 1st period, rate 15%%\n");
 
  Units::Date::dateYMD(datePur, y, m, d);
  printf("purchase date %i/%i/%i, ", y, m, d);
 
  Units::Date::dateYMD(dateFir, y, m, d);
  printf("end of first period %i/%i/%i, ", y, m, d);
  
  printf("depreciation=%f\n", deprec);
  return 0;
}

Output

Consider an asset with the following terms:
 
cost 2400, salvage 300, 1st period, rate 15%
purchase date 1998/8/19, end of first period 1998/12/31, depreciation=360.0

Parameters:

valCost	The cost of the asset.
datePu	The date of purchase of the asset.
dateFi	The date of the end of the first period.
valSalv	The salvage value at the end of the life of the asset.
period	The period.
rate	The rate of depreciation (e.g. 15% depreciation rate is 0.15).
basis	The day count basis to use, one of: Type Value Description yb_US 0 US (NASD) 30/360 - As with the European 30/360 (yb_EU, with the additional provision that if the end date occurs on the 31st of a month it is moved to the 1st of the next month if the start date is earlier than the 30th. yb_Act 1 Uses the exact number of elapsed days between the two dates, as well as the exact length of the year. yb_Act360 2 Uses the exact number of elapsed days between two dates but assumes the year only have 360 days yb_Act365 3 Uses the exact number of elapsed days between two dates but assumes the year always has 365 days yb_EU 4 European 30/360 - Each month is assumed to have 30 days, such that the year has only 360 days. Start and end dates that occur on the 31st of a month become equal to the 30th of the same month.

Returns:

The depreciation for each accounting period.

Note:

In Excel, AMORLIC does not allow a YearBasis of yb_Act360. We can see few reasons for this restriction, so it is provided here. Otherwise this function should replicate Excel in every way.

Authors:

James Warren (August 2005)

Source Code:

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