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HP 12c User Manual Page 147

Financial calculator.
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Example: An electronic instrument is purchased for $11,000, with 6 months
remaining in the current fiscal year. The instrument's useful life is 8 years and the
salvage value is expected to be $500. Using a 200% declining-balance factor,
generate a depreciation schedule for the instrument's complete life. What is the
remaining depreciable value after the first year ? What is the total depreciation
after the 7th year ?
Keystrokes
fCLEARH
11000$
500M
8n
200¼
1\
6t
~
t
t
t
t
t
t
:1
t
t
*
By observation the crossover was year 6. Years 7, 8, and 9 use straight-line depreciation.
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Section 13: Investment Analysis
Display
0.00
11,000.00
Book value.
500.00
Salvage value.
8.00
Life.
200.00
Declining-balance factor.
1.00
First year depreciation desired.
1.00
First year:
1,375.00
depreciation,
9,125.00
remaining depreciable value.
2.00
Second year:
2,406.25
depreciation.
3.00
Third year:
1,804.69
depreciation.
4.00
Fourth year:
1,353.51
depreciation.
5.00
Fifth year:
1,015.14
depreciation.
6.00
Sixth year:
761.35
depreciation.
7.00
Seventh year:
713.62
depreciation.
9,429.56
Total depreciation through the
seventh year.
8.00
Eight year:
713.63
depreciation
9.00
Ninth year:
356.81
depreciation.
Page: 147 of 209
Dimension: 14.8 cm x 21 cm
147
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