{"id":415,"date":"2025-07-15T13:34:46","date_gmt":"2025-07-15T13:34:46","guid":{"rendered":"https:\/\/functiontranslator.com\/2021\/02\/12\/sln\/"},"modified":"2021-02-13T11:36:23","modified_gmt":"2021-02-13T11:36:23","slug":"sln","status":"publish","type":"post","link":"https:\/\/functiontranslator.com\/en\/sln\/","title":{"rendered":"SLN"},"content":{"rendered":"

Today, we’ll delve into the SLN function, a valuable financial tool found in both Microsoft Excel and Google Sheets. The SLN function is designed to compute the straight-line depreciation of an asset for a single period. This method distributes the cost of an asset evenly across its useful life.<\/p>\n

How SLN Works<\/h2>\n

The syntax for the SLN function is consistent across both Excel and Google Sheets:<\/p>\n

SLN(cost, salvage, life)<\/code><\/pre>\n
    \n
  • cost<\/code>: The purchase price of the asset.<\/li>\n
  • salvage<\/code>: The residual value of the asset at the end of its operational life.<\/li>\n
  • life<\/code>: The duration (in periods) over which the asset will be depreciated.<\/li>\n<\/ul>\n
    Examples of Using SLN Function<\/h2>\n
    Consider a scenario where a company buys a machine for $10,000, expecting it to have a salvage value of $2,000 after 5 years. To compute the machine\u2019s annual straight-line depreciation, we apply the SLN function.<\/p>\n\n\n\n\n\n
    Asset<\/th>\nValue<\/th>\n<\/tr>\n
    Cost<\/td>\n$10,000<\/td>\n<\/tr>\n
    Salvage Value<\/td>\n$2,000<\/td>\n<\/tr>\n
    Life<\/td>\n5 years<\/td>\n<\/tr>\n<\/table>\n
    To perform the calculation, use the following formula:<\/p>\n
    =SLN(10000, 2000, 5)<\/code><\/pre>\n
    The function returns $1,600, indicating an annual depreciation of $1,600 over the asset’s 5-year life span.<\/p>\n
    Implementing SLN in Excel and Google Sheets<\/h2>\n
    Integrating the SLN function into Excel and Google Sheets is straightforward:<\/p>\n
    Excel:<\/h3>\n
      \n
    1. Select the desired cell for the result.<\/li>\n
    2. Type =SLN(<\/code>.<\/li>\n
    3. Input the asset’s cost, followed by a comma.<\/li>\n
    4. Add the salvage value, followed by another comma.<\/li>\n
    5. Specify the asset’s lifespan in years.<\/li>\n
    6. Close the bracket and press Enter.<\/li>\n<\/ol>\n
      Google Sheets:<\/h3>\n
        \n
      1. Click on the target cell.<\/li>\n
      2. Begin entering =SLN(<\/code> in the formula bar.<\/li>\n
      3. Insert the asset’s cost, followed by a comma.<\/li>\n
      4. Input the salvage value, add a comma.<\/li>\n
      5. Enter the number of years for the asset\u2019s life.<\/li>\n
      6. Hit Enter to complete the calculation.<\/li>\n<\/ol>\n
        The SLN function simplifies the process of calculating straight-line depreciation, ensuring accuracy in financial reporting and compliance with tax regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"
        Returns the straight-line depreciation of an asset for one period<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[],"class_list":["post-415","post","type-post","status-publish","format-standard","hentry","category-financial"],"acf":[],"yoast_head":"\nExcel SLN Function \u2013 How It Works, Formula Examples and Syntax<\/title>\n<meta name=\"description\" content=\"Learn what the Excel SLN function does. 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