A machine was purchased for 5,000 and is to be depreciated over seven years with no
salvage value. Using the double declining balance method, what is the depreciation for the
first three years of the machine's life? What is the remaining depreciable value?
Table 7-4 Depreciation example using Declining Balance
Resetting the TVM Keys
To clear the TVM registers and reset the TVM and depreciation functions to their default
briefly to indicate the TVM registers have been reset.
TVM CLR (message flashes
, followed by
. The messages, TVM CLR and 12 P_yr appear
Clears TVM registers.
Enters the depreciable cost of the asset at
Enters the expected useful life of the asset.
Enters the double declining balance factor as a
Enters the salvage value.
Calculates the depreciation for the first year.
Calculates the depreciation for the second year.
Calculates the depreciation for the third year.
Displays the remaining depreciable value.