DEPSYD Function

DEPSYD Function

Returns the sum-of- years -digits depreciation

Category: Financial

Syntax

DEPSYD ( p,v,y )

Arguments

p

• is numeric, the period for which the calculation is to be done. For noninteger p arguments, the depreciation is prorated between the two consecutive time periods that precede and follow the fractional period.

v

• is numeric, the depreciable initial value of the asset.

y

• is numeric, the lifetime of the asset in number of depreciation periods.

• Range: y > 0

Details

The DEPSYD function returns the sum-of-years-digits depreciation, which is given by

The p and y arguments must be expressed by using the same units of time.

Examples

An asset, acquired on 01OCT86, has a depreciable initial value of $1,000 and a five-year lifetime. The depreciations in the value of the asset for the years 1986 and 1987 can be expressed as

 y1=depsyd(3/12,1000,5);  y2=depsyd(15/12,1000,5); 

The values returned are 83.33 and 316.67, respectively. The first and the third arguments are expressed in years.