deprec Pro Rated M

Dependents

this module uses 7 subunits yearFractiondateDiff360dateYMDisLeapYearYearBasisconstantsdaysInMonth

Interface

DeprecProRatedM

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 AMORDEGRC. Its behaviour is similar to that of AMORLINC, except that a depreciation coefficient is applied depending on the life of the asset. The coefficients are shown in the table below: <div align="center"> <table border="0"> <tr> <th align="left">Life of asset (1/rate)</th> <th align="left">Depreciation coefficient</th> </tr> <tr> <td align="center">Under 3 years</td> <td align="center">1.0</td> </tr> <tr> <td align="center">3<=Life<5</td> <td align="center">1.5</td> </tr> <tr> <td align="center">5<=Life<=6</td> <td align="center">2.0</td> </tr> <tr> <td align="center">More than 6 years</td> <td align="center">2.5</td> </tr> </table> </div>

Example 1

#include <stdio.h>
 
#include <codecogs/units/date/date.h>
#include <codecogs/units/date/dateymd.h>
#include <codecogs/finance/accounting/deprecproratedm.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::deprecProRatedM(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=776.000000

0.15).

<div align="center"> <table border="0"> <tr align="center"><td width="100"> <strong>Type</strong></td><td><strong>Value</strong></td><td><strong>Description</strong></td></tr> <tr><td align="center" valign="top"><em>yb_US</em></td><td valign="top">0</td><td>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.</td></tr> <tr><td align="center" valign="top"><em>yb_Act</em></td><td valign="top">1</td><td>Uses the exact number of elapsed days between the two dates, as well as the exact length of the year.</td></tr> <tr><td align="center" valign="top"><em>yb_Act360</em></td><td valign="top">2</td><td>Uses the exact number of elapsed days between two dates but assumes the year only have 360 days</td></tr> <tr><td align="center" valign="top"><em>yb_Act365</em></td><td valign="top">3</td><td>Uses the exact number of elapsed days between two dates but assumes the year always has 365 days</td></tr> <tr><td align="center" valign="top"><em>yb_EU</em></td><td valign="top">4</td><td>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.</td></tr> </table> </div>

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.
per	The period.
rate	The rate of depreciation (e.g. 15% depreciation rate is
basis	The day count basis to use:

Returns

The depreciation for each accounting period.

Authors

James Warren (August 2005)

Source Code

Source code is available when you buy a Commercial licence.

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