#### SLN

##### SLN(cost, salvage, life)

SLN returns a number specifying the straight-line depreciation of an asset for a single period.

Parameters

- cost - A Number or Currency that specifies the initial cost of the asset.
- salvage - A Number or Currency that specifies the value of the asset at the end of its useful life.
- life - A Number that specifies the length of the useful life of the asset. It must not equal 0.

Return value

Number value.

Example

Suppose a company purchases a fleet of cars for $560,000. The cars have a lifetime of 12 years and a salvage value of $30,000. The depreciation per year is:

`SLN(560000, 30000, 12)` - Returns 44166.67. Thus the depreciation per year is $44,166.67.