## Enter what you know below

<-- Depreciation
<-- Asset
<-- Salvage
<-- n
<-- T

##### How does the Sum of the Years Digits (SOYD) Depreciation Calculator work?
Free Sum of the Years Digits (SOYD) Depreciation Calculator - Solves for Depreciation Charge, Asset Value, and Book Value using the Sum of the Years Digits Method
This calculator has 5 inputs.

### What 1 formula is used for the Sum of the Years Digits (SOYD) Depreciation Calculator?

Dt = ((A - S) * (N - t + 1))/Σ 1st n integers

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##### What 6 concepts are covered in the Sum of the Years Digits (SOYD) Depreciation Calculator?
asset
Resources of value in accounting. Land, Equipment, Cash are examples
book value
the value of an asset according to its balance sheet account balance
depreciation
The reduction in value of an asset over time
salvage value
the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life.
sinking fund
a fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.
sum of the years digits depreciation method
Accelerated deprecation method A higher expense is incurred in the early years and a lower expense in the latter years of the asset&is apos;s useful life