SYD

The SYD function in Google Sheets is a financial tool used to calculate the depreciation of an asset for a specified period using the sum of years digits method. This method assumes that an asset depreciates more in its earlier years and less in its later years. Explore our comprehensive guide to understand its syntax and usage.

Function Syntax and Parameters

Syntax: SYD(cost, salvage, life, period)

Parameters:

• cost: The initial cost or value of the asset.
• salvage: The value of the asset at the end of its useful life.
• life: The total number of periods over which the asset will be depreciated.
• period: The specific period for which you want to calculate the depreciation.

Step-by-Step Tutorial

1. Using SYD to calculate depreciation:
   • Example: =SYD(10000, 2000, 5, 3)
   • Result: Returns the depreciation of the asset for period 3 based on the sum of years digits method.

Use Cases and Scenarios

1. Asset Depreciation: Calculate the depreciation of an asset for a specific period.
2. Financial Analysis: Analyze the effects of depreciation on financial statements.
3. Investment Evaluation: Determine the depreciation expenses for investment projects.

Related Functions

• DDB: Calculates the depreciation of an asset for a specified period using the double-declining balance method.
• SLN: Calculates the straight-line depreciation of an asset for a single period.

Related Articles

• Understanding Depreciation and Its Impact on Financial Statements
• The Difference Between Straight-Line and Sum-of-the-Years'-Digits Depreciation