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 build-in 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)

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