HP 20b HP 20b Calculator Quick Start Guide - Page 78

Depreciation, Straight Line Depreciation Example

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Depreciation Table 8-2 Depreciation Menu Items Item Factor= Description The declining balance factor as a percentage. This is used for declining balance and declining balance crossover methods only. 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. See Table 8-3. Table 8-3 Straight Line Depreciation Example Key :\ Display < 5I Description Opens the Depreciation menu starting with the straight line method. Displays the current value of the useful life. 1 is the default value. Inputs 5 as the current value for the useful life. 78

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Depreciation
78
Table 8-2
Depreciation Menu Items
Item
Description
Factor=
The declining balance factor as a percentage. This
is used for declining balance and declining balance
crossover methods only.
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. See Table 8-3.
Table 8-3
Straight Line Depreciation Example
Key
Display
Description
:\
Opens the Depreciation menu
starting with the straight line
method.
<
Displays the current value of the
useful life.
1
is the default value.
5I
Inputs
5
as the current value for
the useful life.