The Internal Revenue Service (IRS) offers a list of useful lives, referred to as recovery periods, by classification of asset. The SYD method is most appropriate for assets that experience rapid obsolescence or significant early usage. Industries such...
For example, a company may choose this method to depreciate assets such as computers, which may become obsolete very quickly given the rate of technological advancements in the world today. The sum of years method uses the expected life and adds the digits...