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LSDefine

Simple English definitions for legal terms

SYD

Read a random definition: et hoc petit quod inquiratur per patriam

A quick definition of SYD:

SYD: An abbreviation for Sum of the Years' Digits, which is a method used to calculate how much an asset has depreciated over time. Depreciation is when an asset loses value over time due to use, wear, or becoming outdated. The SYD method is useful for calculating how much of a tax deduction a person or business can take for the depreciation of an asset. There are other methods for calculating depreciation, such as the straight-line method, which divides the cost of the asset by its useful life to determine the annual depreciation amount.

A more thorough explanation:

Definition: Sum of the years' digits. It is a depreciation method used to estimate an asset's use, wear, or obsolescence over its useful life. This method is helpful in calculating the allowable annual tax deduction for depreciation.

Examples: Let's say a company purchases a machine for $10,000 with a useful life of 5 years and no salvage value. Using the SYD method, the depreciation expense for the first year would be:

5 + 4 + 3 + 2 + 1 = 15

Year 1 depreciation = (5/15) x ($10,000 - $0) = $3,333.33

The remaining years' depreciation expenses would be calculated similarly, with the denominator decreasing by 1 each year.

Explanation: The SYD method takes into account the fact that assets tend to lose value more quickly in the early years of their useful life. By using a fraction that decreases each year, the method allows for larger depreciation expenses in the earlier years and smaller expenses in the later years. This can be beneficial for tax purposes, as it allows for larger deductions in the earlier years when the asset is likely to be more valuable.

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m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
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