VBA SYD Function

HomeVBA Functions LIST (Category Wise)How to use the VBA SYD Function (Syntax + Example)

What is VBA SYD Function

The VBA SYD function is listed under the financial category of VBA functions. When you use it in a VBA code, it calculates the sum-of-years digits depreciation for a specified period of time in the lifetime of an asset.

how to use it

To use VBA's SYD function you need to understand its syntax and arguments:

Syntax

SYD (Cost, Salvage, Life, Period)

Arguments

  • Cost: The initial cost of the asset.
  • Salvage: The value of the asset at the end.
  • Life: The number of periods over which the asset is to be depreciated.
  • Period: The period for which you want to calculate the depreciation.

Example to use SYD Function in VBA

To practically understand how to use VBA SYD function, you need to go through the below example where we have written a vba code by using it:

In the above code, we have used SYD to calculate the sum-of-years-digits method for the first year out of the 5 years of the asset's life and it has returned 29333 in the result.

Notes

Below are some important points which you need to take care while using SYD function in VBA.

  • If the salvage value is < 0, life or period ≤ 0, or period > life the VBA will return a run-time 5 error.

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About the Author

puneet one point one

Puneet is using Excel since his college days. He helped thousands of people to understand the power of the spreadsheets and learn Microsoft Excel. You can find him online, tweeting about Excel, on a running track, or sometimes hiking up a mountain.