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Formula Generator - AMORLINC function

The AMORLINC function is used to calculate the depreciation for an accounting period or the prorated depreciation if the asset was purchased in the middle of a period. It takes into account the cost of the asset, the purchase date, the end of the first period, the salvage value, the period, the rate, and the basis.
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How to generate an AMORLINC formula using AI.

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AMORLINC formula syntax.

The AMORLINC function in Excel is used to calculate the depreciation of an asset for a specific accounting period using the linear depreciation method. Here is the syntax of the AMORLINC function: =AMORLINC(cost, date_purchased, first_period, salvage, period, rate, basis) - cost: The initial cost of the asset. - date_purchased: The date when the asset was purchased. - first_period: The date of the first period for which you want to calculate depreciation. - salvage: The estimated value of the asset at the end of its useful life. - period: The period for which you want to calculate depreciation. - rate: The annual depreciation rate. - basis: Optional argument that specifies the day count basis to use. Note: The AMORLINC function is available in Excel 2013 and later versions.

Use Cases & Examples In this use case, we use the AMORLINC formula to calculate the prorated linear depreciation of an asset over a specific period of time.
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FAQ
What is the AMORLINC function in Excel?
What are the arguments required for the AMORLINC function?
What is the basis argument in the AMORLINC function?
Can the AMORLINC function be used for multiple assets?
What is the result of the AMORLINC function?