The AMORLINC function is one of the financial functions. It is used to calculate the depreciation of an asset for each accounting period using a linear depreciation method.
The AMORLINC function syntax is:
AMORLINC(cost, date-purchased, first-period, salvage, period, rate[, [basis]])
cost is the cost of the asset.
date-purchased is the date when asset is purchased.
first-period is the date when the first period ends.
salvage is the salvage value of the asset at the end of its lifetime.
period is the period you wish to calculate depreciation for.
rate is the rate of depreciation.
basis is 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. It can be one of the following:
Note: dates must be entered by using the DATE function.
The values can be entered manually or included into the cell you make reference to.
To apply the AMORLINC function,
The result will be displayed in the selected cell.
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