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<< Click to Display Table of Contents >> SYD (sum-of-years’ digits depreciation) |
Syntax:
SYD(Cost, Salvage, Life, Per)
Description:
Returns the depreciation of an asset for the specified period, using the sum-of-years' digits method.
The function expects the following arguments:
Cost = Initial cost of asset
Salvage = Salvage value (value at the end of the depreciation)
Life = Life of asset (in number of periods)
Per = Period to evaluate (in the same time unit as Life)
Note:
This function is only partially applicable to the tax law of some countries (e.g. Germany)!
Example:
For a machine purchased for € 200,000 that is used for 10 years and then has a salvage value of € 10,000, the following annual depreciation amount must be applied for the first year:
SYD(200000, 10000, 10, 1) returns 34545.45 (depreciation in year 1)
See also: