Meaning of “sum of the years' digits method” in the English Dictionary

business-english dictionary

"sum of the years' digits method" in Business English

See all translations

sum of the years' digits methodnoun [ S ]

uk us abbreviation SYD, also sum of the digits method ACCOUNTING

a reduction in the recorded value of particular assets where the amount subtracted from their value each year gets less as the assets get older

(Definition of “sum of the years' digits method” from the Cambridge Business English Dictionary © Cambridge University Press)