Returns the sum-of-years' digits depreciation of an asset for a specified period.
Syntax
SYD(cost,salvage,life,per)
Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is depreciated (sometimes called the useful life of the asset).
Per is the period and must use the same units as life.
Remark
SYD is calculated as follows:
Examples
| Cost | Salvage | Life | Formula | Description (Result) |
|---|---|---|---|---|
| 30000 | 7500 | 10 | =SYD([Cost],[Salvage],[Life],1) | Yearly depreciation allowance for the first year (4,090.91) |
| 30000 | 7500 | 10 | =SYD([Cost],[Salvage],[Life],10) | Yearly depreciation allowance for the tenth year (409.09) |