# syd - Depreciation using Sum-of-the-Years-Digits Method SYD...

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Depreciation using Sum-of-the-Years-Digits Method – SYD The depreciation charge or expense of an asset for any one specific period of time using the sum-of-years-digits depreciation method can be calculated using Excel’s SYD function. See the table below for a detailed list of the exercises and problems in the text that can be solved using this function. Syntax =SYD(cost,salvage,life,period) Cost – initial cost of the asset Salvage – value at the end of depreciation Life – number of periods over which the asset is being depreciated Period – is the period and must use the same units as Life General Example The following general example shows how the SYD function can be used. Notice that the SYD function appears in the formula bar. 1

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Using the SYD Function in a Spreadsheet To calculate the depreciation charge for one period using the sum-of-the-years-digits method, create a worksheet by following Steps 1 to 7. Or, to use the SYD function right away, open the SLN worksheet in the Excel Functions Templates workbook. All fields have been formatted for you (currency, percentage, number of decimals displayed). Step 1
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syd - Depreciation using Sum-of-the-Years-Digits Method SYD...

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