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EXCEL SYD FUNCTION
Excel SYD Function Introduction
The SYD Function is a financial function in ExcelFunctionsList of the most relevant Excel functions for financial analysts This cheat sheet contains hundreds of functions that are essential for an Excel analyst to know. SYD is an abbreviation for sum of months digits. This method assists in computing an asset’s depreciation, especially the total amount devaluation for a defined period in the asset’s lifetime.
Description of Excel SYD Function
Syntax :
=SYD(cost, salvage, life, per)
Parameters :
- There is a cost involved. The asset’s initial cost.
- Save the day. The price at the completion of the degradation process .
- Life Is Necessary. The amount of depreciation cycles for an asset .
- As per the requirements. The term and must be expressed in the same units as life.
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