How do you calculate sum of years digits depreciation method in Excel?(SYD Function)

How do you calculate sum of years digits depreciation method in Excel?(SYD Function)

Definition : This method takes the asset's expected life and adds together the digits for each year; so if the asset was expected to last for five years, the sum of the years' digits would be obtained by adding: 5 + 4 + 3 + 2 + 1 to get a total of 15. Each digit is then divided by this sum to determine the percentage by which the asset should be depreciated each year, starting with the highest number in year 1.

Excel Functions

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1. Straight Line Method Video

2. Decline Balance Depreciation Method Video

3. Double Declining Depreciation Method Video

4. Variable Decline Balance Method Video

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sum of years digits depreciation method
Depreciation - Sum of Years of Digits Method of Depreciation
Sum of Digit Method
Sum of Year of Digit Method Problem - Depreciation Accounting