How to use the SLN Function (WS,VBA)

Description

The Microsoft Excel SLN function returns the depreciation of an asset for a period based on the straight-line depreciation method.

Syntax

The syntax for the SLN function in Microsoft Excel is:

SLN( cost, salvage, life )

Parameters or Arguments

cost

The original cost of the asset.

salvage

The salvage value after the asset has been fully depreciated.

life

The useful life of the asset or the number of periods that you will be depreciating the asset.

Applies To

• Excel 2016, Excel 2013, Excel 2011 for Mac, Excel 2010, Excel 2007, Excel 2003, Excel XP, Excel 2000

Type of Function

• Worksheet function (WS)
• VBA function (VBA)

Example (as Worksheet Function)

Let's look at some SLN examples and explore how to use the SLN function as a worksheet function in Microsoft Excel:

This first example returns the depreciation for an asset that costs $10,000, with a salvage value of $5,000. The useful life of the asset is 5 years.

=SLN(10000, 5000, 5)
Result: $1,000.00

This next example returns the depreciation for an asset that costs $8,000, with a salvage value of $0. The useful life of the asset is 7 years.

=SLN(8000, 0, 7)
Result: $1,142.86

Example (as VBA Function)

The SLN function can also be used in VBA code in Microsoft Excel.

Let's look at some Excel SLN function examples and explore how to use the SLN function in Excel VBA code:

Dim LValue As Double

LValue = SLN(8000, 0, 7)

In this example, the variable called LValue would now contain the value of 1142.857143.