SLN function: Description, Usage, Syntax, Examples and Explanation
What is SLN function in Excel?
SLN function is one of Financial functions in Microsoft Excel that returns the straight-line depreciation of an asset for one period.
Syntax of SLN function
SLN(cost, salvage, life)
The SLN function syntax has the following arguments:
- Cost: The initial cost of the asset.
- Salvage: The value at the end of the depreciation (sometimes called the salvage value of the asset).
- Life: The number of periods over which the asset is depreciated (sometimes called the useful life of the asset).
Example of SLN function
Steps to follow:
1. Open a new Excel worksheet.
2. Copy data in the following table below and paste it in cell A1
Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.
You can adjust the column widths to see all the data, if need be.
Data | Description | |
$30,000 | Cost | |
$7,500 | Salvage value | |
10 | Years of useful life | |
Formula | Description | Result |
=SLN(A2, A3, A4) | The depreciation allowance for each year. | $2,250 |