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 sumofyears’digits depreciation of an asset for a specified period. And it will return a numeric value.
The SYD function is a buildin 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 sumofyears’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)
Related Functions

Excel SLN Function
The Excel SLN function calculates the depreciation of an asset for one period based on the straight line depreciation. And it will return a numeric value.The syntax of the SLN function is as below:= SLN (cost, salvage, life)…

Excel VDB Function
The Excel VDB function calculates the depreciation of an asset for a specified period based on the double declining balance method. And it will return a numeric value.The syntax of the VDB function is as below:= VDB (cost, salvage, life, start_period, end_period, [factor], [no_switch])…
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