Question

sum of years digits method of depreciation formula

Answer 1

The sum of the years' digits, often referred to as SYD, is a form of accelerated depreciation. (A more common form of accelerateddepreciation is the declining balancemethod used in tax depreciation.) ... Next the digits in the years of the asset's useful life are summed: 1 + 2 + 3 + 4 + 5 = 15.