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easyMCQCUET Accountancy 2025 3 June Shift 22026Accountancy
1 mark

Which Excel function is used to calculate depreciation under the Straight Line Method (SLM)?

  1. A
    DDB
  2. B
    DB
  3. C
    SLN
  4. D
    VLOOKUP

Solution & Step-by-step Explanation

The SLN function in spreadsheet applications (like MS Excel) returns the straight-line depreciation of an asset for a single period given its cost, salvage value, and useful life.

Practice this question

Try it yourself before checking the explanation above.

Which Excel function is used to calculate depreciation under the Straight Line Method (SLM)?
A
DDB
B
DB
C
SLN
D
VLOOKUP

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Computerised AccountingSpreadsheetExcel Functions

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