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Using the SLN Function in Excel

The document provides instructions for entering data and formulas in Excel, specifically using the SLN function for calculating depreciation. It explains the use of absolute and relative cell references to ensure accurate calculations when copying formulas. Additionally, it includes an example of calculating costs and emphasizes the importance of entering a name in Cell C1 to view scores.

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jdsig22
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0% found this document useful (0 votes)
42 views3 pages

Using the SLN Function in Excel

The document provides instructions for entering data and formulas in Excel, specifically using the SLN function for calculating depreciation. It explains the use of absolute and relative cell references to ensure accurate calculations when copying formulas. Additionally, it includes an example of calculating costs and emphasizes the importance of entering a name in Cell C1 to view scores.

Uploaded by

jdsig22
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Click on the "SLN" tab and enter your name in Cell C1.

If Cell C1 is left blank, you will not be able to see your score.
Each yellow cell requires a fo Jimmy Sigler
The formula must only contain cell addresses.
Each correct formula will begin with =, +, or -.

The basic mathematical operators are +, -, * and /


Addition: To add the values in cells A1 and B4, the formula is =A1+B4
Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4
Multiplication: To multiply the values in cells A1 and B4, the formula is =A1*B4
Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4

Using the SLN function


The SLN function has the following syntax: =SLN(COST,SALVAGE,LIFE)
Each variable may be either a value or a formula that returns a value.

Using absolute addresses


Once a formula is created, you will often want to copy the formula to other columns and rows. It's important to understand t
"relative addresses" unless you indicate otherwise by creating an "absolute address". For example, if you are calculating the
boxes of cereal at a cost of $3.95 per box, the formula in cell B28 is =B26*B27. Although we read cell B28 as "Multiply 2 boxe
actually calculating the value in cell B28 as "Multiply the value in the cell in the same column (column B) 2 rows above (row 2
cell in the same column 1 row above (row 27).

-1.975 -0.08649789 -3.590909091 -3.686666667


Boxes of cereal 2 6 11 15
Price per box $3.95 $3.95 $3.95 $3.95
Total cost $7.90 $23.70 $43.45 $59.25

This works just fine to calculate the cost of 2 boxes, but if we copy the formula in cell B28 to C28, Excel will assume relative re
formula in cell C28 will become =C26*C27. Since Cell C27 is blank, the formula will return a value of $0 (which is an excellent
cereal, but it isn't accurate!) Adding a $ sign before the column or row reference locks the formula to a specific location.

If we modify the formula in cell B28 to =B26*$B$27 before we copy the formula, Excel will not change the row or the column
variable. When the formula is copied to columns C through E, the formulas become:

Cell C28 =C26*$B$27


Cell D28 =D26*$B$27
Cell E28 =E26*$B$27

Sometimes, you will want the column to stay fixed, but allow the row to remain relative when it's copied. If so, add a dollar s
column, but not the row (i.e.$B27) If you want the row to stay fixed, but allow the column to remain relative when it's copied
before the row, but not the column (i.e. B$27). Tapping the F4 button while entering the formula (or in the formula bar) togg
absolute options (Absolute Column and Absolute Row $B$28, Absolute Column and Relative Row $B28, Relative Column an
B$28)
to see your score.

important to understand that excel always uses


, if you are calculating the cost of purchasing 2
cell B28 as "Multiply 2 boxes by $3.95", Excel is
mn B) 2 rows above (row 26) by the value in the

xcel will assume relative references. The


of $0 (which is an excellent deal for 6 boxes of
a to a specific location.

nge the row or the column of the second

copied. If so, add a dollar sign before the


ain relative when it's copied, add a dollar sign
(or in the formula bar) toggles among the 3
w $B28, Relative Column and Absolute Row
Name: Your score:

On January 1 of the current year, the Company purchased 0 for $0. The 0 has an estimated useful life of 0
years and an estimated salvage value of $0. Complete the depreciation schedule below.

Please enter your name in cell C1.

Cost $0
Salvage $0
Life (in years) 0

#DIV/0!
January 1 book Depreciation Accumulated December 31
Year value Expense Depreciation book value
1
2
3
4
5

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