David H. Ringstrom, CPA heads up Accounting Advisors, Inc., an Atlanta-based software and database consulting firm providing training and consulting services nationwide. Contact David at email@example.com or follow him on Twitter. David speaks at conferences about Microsoft Excel, and presents webcasts for several CPE providers, including AccountingWEB partner CPE Link
Excel Tip: Calculating Straight-Line Depreciation
By David Ringstrom, CPA
The SLN feature in Excel enables you to compute straight-line deprecation for an asset. The function has three arguments: Cost, Salvage, and Life.
Cost is the original cost of the item, Salvage is the proceeds you expect to receive upon disposal, while Life is the useful life of the asset specified in years.
Thus, SLN would return $1,000 for a $5,000 asset with a salvage value of zero and a five-year useful life.
A previous version of this article first appeared on www.accountingweb.com .
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