Depreciation - HP 10bII+ User Manual

Table 1-16 Amortization example
Keys
4
4
For more information on amortization, refer to the section titled, Amortization in chapter 6,
Time Value of Money Calculations.

Depreciation

A metalworking machine, purchased for 10,000.00, is to be depreciated over five years. Its
salvage value is estimated at 500.00. Using the straight-line method, find the depreciation
and remaining depreciable value for each of the first two years of the machine's life.
Table 1-18 Calculating the depreciation
Keys
J::::Ï
V::É
VÙ
J]{
13,836.22
Table 1-17 Depreciation keys
Keys Description
Ù
Expected useful life of the asset.
Ò
Declining balance factor entered as a
percentage.
Ï
Depreciable cost of the asset at acquisition.
É
Salvage value of the asset.
]{
Straight-line depreciation.
]x
Sum-of-the-years'-digits depreciation.
]u Declining Balance depreciation.
Display Description
- 1 ,388.36 Displays interest.
Displays the balance
amount.
Display
10,000.00
500.00
5.00
1,900.00
Description
Inputs cost of the item.
Inputs the salvage value of the
item.
Inputs the useful life of the asset.
Depreciation of the asset in year
one.
At a Glance...
9