Related Topics:

Function Wizard Functions

SLN

Description: Based on one period, returns the straight-line depreciation on an asset.

Syntax: SLN(Cost, Salvage, Life)

Example:

Suppose you've bought a truck for $30,000 that has a useful life of 10 years and a salvage value of $7,500. The depreciation allowance for each year is:

 

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