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EXCEL SLN FUNCTION
Excel SLN Function Introduction
The Excel SLN function computes an asset’s straight line depreciation over a single term.
Description of Excel SLN Function
Syntax :
=SLN( cost, salvage, life )
Parameters :
- The following parameter are :
cost –
- The asset’s initial purchase price.
Salvage –
- The asset’s worth at the conclusion of depreciation.
life –
- The number of periods over which an asset will be depreciated.
Step By Step Guide of SLN Function
Example :
The SLN function is used in the example spreadsheet below to compute the annual or monthly depreciation of assets with varying cost, salvage, and lifespan values.
Key Points
- #DIV/0! – Occurs if the given life parameter is 0.
- #VALUE! – This error occurs if any of the supplied parameters is not a number.
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