SLN
What Does It Do ?
(Also known as Fixed Instalment method).
The Straight Line Depreciation is how much the value of an item reduced during a specific
period of time. The result is a uniform depreciation value.
An example would be if you bought a new car for £20,000, then kept it for 6 years.
At the end of your ownership you sell the car for £8,000.
The difference between the original and the trade in price is £20,000 - £8,000 which is £12,000.
Because you owned the car for 6 years, the SLN is calculated as £12,000 / 6 which is £2,000.
Syntax
=SLN(OriginalCost,SellingPrice,LengthOfOwnership)
The Length Of Ownership can be any time period, days, months or years.
However, the SLN which is calculated will, be for that time, specifying 2 years ownership
as 24 months will give an SLN per month.
Formatting
No special formatting is needed.
The Straight Line Depreciation is how much the value of an item reduced during a specific
period of time. The result is a uniform depreciation value.
An example would be if you bought a new car for £20,000, then kept it for 6 years.
At the end of your ownership you sell the car for £8,000.
The difference between the original and the trade in price is £20,000 - £8,000 which is £12,000.
Because you owned the car for 6 years, the SLN is calculated as £12,000 / 6 which is £2,000.
Syntax
=SLN(OriginalCost,SellingPrice,LengthOfOwnership)
The Length Of Ownership can be any time period, days, months or years.
However, the SLN which is calculated will, be for that time, specifying 2 years ownership
as 24 months will give an SLN per month.
Formatting
No special formatting is needed.
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