This post will guide you how to use Excel SYD function with syntax and examples in Microsoft excel.

Description

The Excel SYD function calculates the sum-of-years’digits depreciation of an asset for a specified period. And it will return a numeric value.

The SYD function is a build-in function in Microsoft Excel and it is categorized as a Financial Function.

The SYD function is available in Excel 2016, Excel 2013, Excel 2010, Excel 2007, Excel 2011 for Mac.

Syntax

The syntax of the SYD function is as below:

=SYD(cost, salvage, life, per)

Where the SYD function arguments are:

• Cost -This is a required argument. The initial cost of the asset.
• Salvage -This is a required argument. The value of the asset at the end of the depreciation.
• Life -This is a required argument. The number of periods over which the asset is to be depreciated.
• Per -This is a required argument. The period that you want to calculate the depreciation for.

Excel SYD Function Examples

The below examples will show you how to use Excel SYD Function to calculate the sum-of-years’digits depreciation for a period in the lifetime of an asset.

#1 to get the depreciation for the first year for an asset that cost 3000, with a salvage value of 500, and the useful life of the asset is 5, using the following formula:

=SYD(B1,B2,B3,1) 

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