## Fixed Installment Method Without Residual Value

The fixed installment method, also known as the straight line method or original cost method is used to calculate depreciation of an asset for the period it will be in use.

Deprecation calculated according to the fixed installment method is charged every year and at the end of the life of asset, the value of asset becomes zero.

## o/n

Here,o=original cost of asset,n=number of years of estimated life of asset.

ENTER THE VARIABLES TO BE USED IN THE FORMULA