This post will guide you how to use Excel SLN function with syntax and examples in Microsoft excel.
Description
The Excel SLN function calculates the depreciation of an asset for one period based on the straight line depreciation. And it will return a numeric value.
The SLN function is a buildin function in Microsoft Excel and it is categorized as a Financial Function.
The SLN function is available in Excel 2016, Excel 2013, Excel 2010, Excel 2007, Excel 2011 for Mac.
Syntax
The syntax of the SLN function is as below:
= SLN (cost, salvage, life)
Where the SLN function arguments are:

Cost This is a required argument. The initial cost of the asset.

Salvage This is a required argument. The value of the asset at the end of the depreciation.

Life This is a required argument. The number of periods over which the asset is to be depreciated.
Excel SLN Function Examples
The below examples will show you how to use Excel SLN Function to calculate the straight line depreciation of an asset for one period.
#1 to get the depreciation for an asset that cost 3000, with a salvage value of 500, and the useful life of the asset is 5, using the following formula:
= SLN (B1,B2,B3,B4)
Related Functions

Excel SYD Function
The Excel SYD function calculates the sumofyears’digits depreciation of an asset for a specified period. And it will return a numeric value.The syntax of the SYD function is as below:=SYD(cost, salvage, life, per)…

Excel VDB Function
The Excel VDB function calculates the depreciation of an asset for a specified period based on the double declining balance method. And it will return a numeric value.The syntax of the VDB function is as below:= VDB (cost, salvage, life, start_period, end_period, [factor], [no_switch])…
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