Description:
The function equals the Excel SYD function.
Syntax:
Fsyd(cost,salvage,life,period)
Note:
The external library function (See External Library Guide) returns depreciation of an asset for a specified period, using the sum-of-years’ digits method.
Parameter:
|
cost |
The initial cost of the asset. |
|
salvage |
The value of the asset at the end of the depreciation (also known as asset residual value). |
|
life |
The number of periods over which the asset is to be depreciated (sometimes called expected useful life of the asset). |
|
period |
The period for which the asset’s depreciation is calculated (it must use the same unit as life). |
Example:
|
Fsyd(500000, 5000,10, 1) |
90000.0 |