Buzz
The SLN function computes depreciation for an asset using the straight-line method (even depreciation rate over the asset's useful life) within a specified time period.
Deciphering the SLN Function in Excel
Using the SLN Function in Excel
1. Description and Formula:
Returns the depreciation value of an asset using the straight-line method over a specified period.
Syntax: SLN(cost, salvage, life).
In this context:
- Cost: The initial cost of the asset, a mandatory parameter.
- Salvage: The value after depreciation, also known as the salvage value, a mandatory parameter.
- Life: The number of depreciation periods or the useful life of the asset, a mandatory parameter.
The SLN function is calculated using the formula:
Formula:
2. Example of a specific scenario:
Suppose we need to calculate the annual average depreciation for an asset with an initial value of 500,000,000, a remaining value after depreciation of 25,000,000, and a useful life of 10 years.
In the cell where the calculation is needed, enter the formula: =SLN(B3,C3,D3)
Press Enter -> you will obtain the result of the average annual depreciation for the asset over 10 years:
Here is a detailed guide on how to use the SLN Function in Excel along with a specific scenario example. We hope this article proves helpful for those needing to calculate asset depreciation over a specific period. Wishing you success!
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