# AMORLINC(cost, DP, FP, salvage, period, rate, basis)

• where, is the cost of the asset
• is the date of purchase of asset
• is the end of first period
• is the salvage value at the end of life of asset
• is the accounting period
• is the rate of depreciation
• is the year basis to be used

AMORLINC() calculates the depreciation for each accounting period.

## Description

• The function calculates the decrease in value of asset for the mentioned period.
• If > , Calci displays #N/A error message.
• also called as 'residual value' is the remaining value of an asset after it has been fully depreciated.
• If is <=0, Calci displays #N/A error message.
• If is omitted, Calci assumes it as 0.5 years(6 months).
• value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of values:

Basis Description
0 360 days (NASD)
1 Actual
3 365 days in a year
4 360 days in a year (European)
• If value is other than 0, 1, 3 or 4, Calci displays #N/A error message.

## Examples

Consider the following example that shows the use of DURATION function:

 3200 8/19/2010 12/31/2010 250 1 18% 1
```=AMORLINC(A1,A2,A3,A4,A5,A6,A7) displays 576 as a result.
```