What is SYD function in Excel?
SYD function is one of Financial functions in Microsoft Excel that returns the sum-of-years’ digits depreciation of an asset for a specified period.
Syntax of SYD function
SYD(cost, salvage, life, per)
The SYD function syntax has the following arguments:
- Cost: The initial cost of the asset.
- Salvage: The value at the end of the depreciation (sometimes called the salvage value of the asset).
- Life: The number of periods over which the asset is depreciated (sometimes called the useful life of the asset).
- Per: The period and must use the same units as life.
SYD formula explanation
SYD is calculated as follows:
Example of SYD function
Steps to follow:
1. Open a new Excel worksheet.
2. Copy data in the following table below and paste it in cell A1
Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.
You can adjust the column widths to see all the data, if need be.
|$ 30,000.00||Initial cost|
|$ 7,500.00||Salvage value|
|10||Lifespan in years|
|=SYD(A2,A3,A4,1)||Yearly depreciation allowance for the first year (4,090.91)||$4,090.91|
|=SYD(A2,A3,A4,10)||Yearly depreciation allowance for the tenth year (409.09)||$409.09|