Straight Line Depreciation Formula allocates the Depreciable amount of an asset over its useful life in equal proportion. The straight-line depreciation formula assumes that the asset will derive benefits evenly over its useful life. At the end of an asset’s useful life, the asset’s value bec...
Read More: How to Use Formula to Calculate Car Depreciation in Excel Method 2 – Using the SLN Function Steps: Call the SLN function by entering an Equal sign (=) and the function. Enter the initial cost of asset, salvage value, and useful life in D5, D6, and D7. Press ENTER. Dr...
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