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Chapter 5. Using Functions In Formulas > Financial Functions - Pg. 124

Using Functions In Formulas 124 Financial Functions Excel's financial functions enable you to calculate depreciation, evaluate investment opportunities, or calculate the monthly payments on a loan. On the next few pages, I tell you about a few of the functions I think you'll find useful. The SLN function The SLN function (Figure 51) calculates straight line depreciation for an asset. It uses the following syntax: Figure 51. A simple worksheet lets you compare different methods of depreciation using the SLN, DB, DDB, and SYD functions. The formulas in column B are shown in column C. SLN(cost,salvage,life) Cost is the acquisition cost of the asset, salvage is the salvage or scrap value, and life is the useful