SYD

SYD(cost, salvage, life, period)

SYD returns a number specifying the sum-of-years' digits depreciation of an asset for a single period.

Parameters

• cost - A Number or Currency that specifies the initial cost of the asset.
• salvage - A Number or Currency that specifies the value of the asset at the end of its useful life.
• life - A positive Number that specifies the length of the useful life of the asset.
• period - A Number that specifies the period for which asset depreciation is calculated. The value is positive and less than or equal to life. The Parameters life and period must have the same units.

Return value

Number value.

Examples

Suppose a company purchases a fleet of cars for $560,000. The cars have a lifetime of 12 years and a salvage value of $30,000. They are depreciated as follows:

• SYD(560000, 30000, 12, 1) - Returns 80000. The first year's depreciation is $81,538.46.
• SYD(560000, 60000, 12, 5) - Returns 56000. The fourth year's depreciation is $54,358.97.
• SYD(560000, 60000, 12, 12) - Returns 8000. The final year's depreciation is $6,794.87.