What are AMORLINC functions in power bi DAX

This recipe explains what are AMORLINC functions in power bi DAX

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Recipe Objective - What are AMORLINC functions in Power BI DAX?

AMORLINC Returns the depreciation for each accounting period. This function is provided for the French accounting system. If an asset is purchased in the middle of the accounting period, the prorated depreciation is considered.

Syntax of AMORLINC -

AMORLINC(Cost, Date_purchased, First_period, Salvage, Period, Rate, [Basis])

Parameters -

Cost - The cost of the asset.

Date_purchased - The date of the purchase of the asset.

First_period - The date of the end of the first period.

Salvage - The salvage value at the end of the life of the asset.

Period - The period.

Rate - The rate of depreciation.

Basis (Optional) - The type of day count basis to use. If the basis is omitted, it is assumed to be 0.

Returns the accrued interest from first_interest to settlement for security.

In this way, we can use accrued interest functions in Power BI DAX.

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