Which Excel function is used to calculate depreciation under Straight Line Method (SLM)?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- SLN.
SLN Excel function is used to calculate depreciation under Straight Line Method (SLM).
The Excel functions SLN and DB are used for computation of depreciation using Straight Line Method (SLM) and Written Down Value Method (WDVM), respectively.