Question: SYD This function calculates depreciation expense per period using the sum-of-the-years-digits method. Use the SYD function to complete the table shown below, based on these
| SYD | |||||||
| This function calculates depreciation expense per period using the sum-of-the-years-digits | |||||||
| method. | |||||||
| Use the SYD function to complete the table shown below, based on these basic assumptions: | |||||||
| Cost | 15000 | ||||||
| Residual value | 3000 | ||||||
| Number of periods (useful life) | 5 | ||||||
| Year | Depreciation | Accumulated Depreciation | End of year book value | ||||
| 1 | |||||||
| 2 | |||||||
| 3 | |||||||
| 4 | |||||||
| 5 | |||||||
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