What is the difference between SLN and DB method of Depreciation? How are they implemented in MS Excel?

The Straight-Line (SLN) and Declining Balance (DB) methods of depreciation are two common approaches for allocating the cost of an asset over its useful life, impacting financial statements and tax calculations differently.

Straight-Line Method (SLN): This method spreads the asset's cost evenly over its useful life. It is calculated using the formula:

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