HP 30b HP 20b Business Consultant and HP 30b Business Professional User's Guid - Page 75

Table 11-2 Depreciation Menu Items Item Life Start Cost Salvage Factor Year Depreciation R.Book Value R.Depreciable Value Description The expected useful life of the asset in years. Start refers to the date or month in which the asset is first placed into service. Depending on the type of depreciation, this can be the month (1-12), or, in the case of French Straight-line and Amort F, the actual date in the selected format. Note: for non-French depreciations, if the asset was placed into service in the middle of March, for example, enter 3.5 for Start. The depreciable cost of the asset at acquisition. The salvage value of the asset at the end of its useful life. The declining balance factor as a percentage. This is used for declining balance and declining balance crossover methods only. Year for which you want to calculate the depreciation. Depreciation in the given year. Remaining book value at the end of the given year. Remaining depreciable value at the end of the given year. Depreciation Example 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 11-3. Table 11-3 Straight Line Depreciation Example Key :\ Display Description Opens the Depreciation menu starting with the straight line method.