Excel: Syd Function

In Excel, the Syd function returns the depreciation of an asset for a given time period based on the sum-of-years' digits depreciation method.

The syntax for the Syd function is:

Syd( cost, salvage, life, period )

cost is the original cost of the asset.

salvage is the salvage value after the asset has been fully depreciated.

life is the useful life of the asset or the number of periods that you will be depreciating the asset.

period is the period that you wish to calculate the depreciation for. Use the same units as for the life.

Applies To:

Excel 2007, Excel 2003, Excel XP, Excel 2000

For example:

Let's take a look at a few examples:

This first example returns the depreciation for an asset that costs $10,000, with a salvage value of $5,000. The useful life of the asset is 5 years. The depreciation is being calculated for the first year.

=Syd(10000, 5000, 5, 1)

This next example returns the depreciation for an asset that costs $10,000, with a salvage value of $5,000. The useful life of the asset is 5 years. The depreciation is being calculated for the second year.

=Syd(10000, 5000, 5, 2)

This next example returns the depreciation for an asset that costs $8,000, with a salvage value of $0. The useful life of the asset is 7 years. The depreciation is being calculated for the third year.

=Syd(8000, 0, 7, 3)

VBA Code

The Syd function can also be used in VBA code. For example:

Dim LValue As Double

LValue = Syd(8000, 0, 7, 3)

In this example, the variable called LValue would now contain the value of 1428.571429.