Depreciation - Sum-of-years' Digits

Example: Depreciation - Sum-of-years' Digits

The sum-of-years' digits depreciation for the 14th year of an asset with a life of 15 years, an initial cost of $25000 and a salvage value of $5000 is computed.


import com.imsl.finance.*;
import java.text.NumberFormat;

public class sydEx1 {

    public static void main(String args[]) {
        double cost = 25000;
        double salvage = 5000;
        int life = 15;
        int per = 14;

        double syd = Finance.syd(cost, salvage, life, per);
        System.out.println("The depreciation allowance for the 14th year is "
                + NumberFormat.getCurrencyInstance().format(syd));
    }
}

Output

The depreciation allowance for the 14th year is $333.33

Link to Java source.