Excel Tip: Calculating Straight-Line Depreciation

Excel expert David Ringstrom is sharing his tips for optimizing the way you use Excel in our new Excel Tips series.
 
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.
 
Read more articles by David Ringstrom. 
 
About the author:

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 david@acctadv.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.

 

 

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Upcoming CPE Webinars

Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
Oct 15This webinar presents the requirements of AU-C 600, Audits of Group Financial Statements (Including the Work of Component Auditors).
Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.