SLN function: Description, Usage, Syntax, Examples and Explanation

February 26, 2019 by exceloffice Leave a Comment

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

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