In VBA (Visual Basic for Applications), the SLN function is used to calculate the straight-line depreciation of an asset for one period. The straight-line method of depreciation assumes that the asset will depreciate by an equal amount each year over its useful life.
The SLN function in VBA has three arguments:
- Cost: The initial cost of the asset.
- Salvage: The value of the asset at the end of its useful life (also known as the salvage value).
- Life: The useful life of the asset (in periods, usually years).
Here’s an example of how you can use the SLN function in VBA:
Sub CalculateDepreciation()
Dim initialCost As Double
Dim salvageValue As Double
Dim lifeOfAsset As Double
Dim yearlyDepreciation As Double
' Example values
initialCost = 10000 ' The cost of the asset
salvageValue = 1000 ' The salvage value of the asset
lifeOfAsset = 5 ' The useful life of the asset (5 years)
' Calculate the yearly depreciation
yearlyDepreciation = SLN(initialCost, salvageValue, lifeOfAsset)
' Output the result to the Immediate window (Ctrl+G to view)
Debug.Print "The yearly depreciation is: " & yearlyDepreciation
End Sub
To run this subroutine, you can press F5 while the cursor is within the code or you can call this subroutine from another subroutine or function.
The `Debug.Print` statement will output the yearly depreciation to the Immediate Window in the VBA editor. If you want to use or display the value elsewhere (e.g., in a worksheet or a message box), you can assign it to a variable, or directly refer to the SLN function invocation in your VBA code.