Concept
Sum-of-the-Years'-Digits Depreciation 0
Sum-of-the-Years'-Digits Depreciation is an accelerated depreciation method that results in higher depreciation expenses in the earlier years of an asset's useful life, reflecting the assumption that assets are more productive or lose value faster in their initial years. This method provides a systematic way to allocate the cost of an asset over its useful life, ensuring that the expense matches the asset's usage and benefits over time.
Relevant Degrees