HP 113394 User Guide - Page 189

Section 13: Investment Analysis 189 n: Life FV: Salvage R3: Used i: Factor R : Used 0 R4: Used REGISTERS PV: Dep. Value R : Dep. 1 R5: Used PMT: Unused R : Counter 2 R6: Used 1. Key in the program. 2. Press fCLEARH. 3. Key in the book value then press $. 4. Key in the salvage value then press M. 5. Key in the life in years (an integer) then press n. 6. Key in the declining-balance factor as a percentage then press ¼. 7. RPN: Key in the desired year and press \. 7. ALG: Key in the desired year and press ³. 8. Key in the number of months in the first year* then press t† to calculate the amount of depreciation for the desired year. 9. If desired, press ~ to see the remaining depreciable value. 10. If desired, press :1 to see the total depreciation through the current year. 11. Continue pressing t* to find the amount of depreciation for the successive years. Steps 9 and 10 may be repeated for each year. 12. For a new case press gi000 and return to step 2. 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 $500. Using a 200% declining-balance factor, generate a depreciation schedule for the instrument's complete life. What is the remaining depreciable value after the first year? What is the total depreciation after the 7th year? Keystrokes (RPN mode) f] fCLEARH 11000$ Keystrokes (ALG mode) f[ fCLEARH 11000$ Display 0.00 11,000.00 Book value. * Refer to straight-line depreciation note page 174. † The display will pause with the year number before displaying the amount of depreciation for that year. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 189 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm