Definition of SYD
Calculates the depreciation of an asset for a specified period using the sum of years digits method.
SYD(cost, salvage, life, period)
cost- The initial cost of the asset.
salvage- The value of the asset at the end of depreciation.
life- The number of periods over which the asset is depreciated.
period- The single period within
lifefor which to calculate depreciation.
periodmust be measured int he same units.
SLN: Calculates the depreciation of an asset for one period using the straight-line method.
DDB: Calculates the depreciation of an asset for a specified period using the double-declining balance method.
DB: Calculates the depreciation of an asset for a specified period using the arithmetic declining balance method.
To use the RATE Formula, start with the Excellentable you would like to edit.
Then type the RATE formula into the cell you have chosen to display the outcome:
Step 3. Fill in the 2 values
By adding the values you would like to calculate, Excellentable generates the outcome: