SLN

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

Syntax: SLN(Cost, Salvage, Life)

Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is being depreciated (sometimes called the useful life of the asset).

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:

SLN(30000, 7500, 10) = $2,250