SYD (sum-of-years’ digits depreciation)

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SYD (sum-of-years’ digits depreciation)

Syntax:

SYD(Cost, Salvage, Life, Per)

Description:

This 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 (for example, Germany)!

Example:

In the case of 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 €34,545.45 (depreciation in year 1)

See also:

DBB, DB, SLN