Buzz
The SYD function is a computational function returning the depreciation value for an asset based on its remaining value. In other words, it calculates the depreciation value of an asset using the sum-of-years' digits depreciation method in Excel.
Unlocking the Potential of SYD Function in Excel
How to Use SYD Function in Excel
1 Description and Usage Syntax
This function calculates the depreciation of an asset over a specified period of time remaining.
Syntax: SYD(cost, salvage, life, per)
Key Points:
- Cost: Initial value of the asset, a mandatory parameter.
- Salvage: Depreciation value of the asset, also known as the asset's recovery value.
Note:
- Depreciation calculation formula is:
2. Specific Scenario Examples
Suppose you need to calculate the depreciation for the first and last years of an asset with an initial value of 900,000,000 and a depreciation value of 25,000,000 as indicated in the spreadsheet below:
2.1. Calculate First-Year Depreciation
Step 1: Enter the function in cell D4
Step 2: Press Enter to get the result:
2.2. Calculate Last-Year Depreciation
Step 1: Enter the function in cell D5
Step 2: Press Enter to receive the depreciation value for the last year:
Above is the complete introduction and guidance on how to use SYD Function in Excel. This function computes the depreciation value for an asset based on its remaining value with the syntax you need to remember as: SYD(Cost, Salvage, Life, Per). Wish you success in working with this formula.
Similar to the MID or RIGHT function, the LEFT function is used to extract characters from the left side of any string of characters. This is a fundamental function and widely used, so you need to grasp the syntax and usage of the LEFT function when using Excel.
