HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 69

Section 4: Additional Financial Functions 69 Example: A metalworking machine, purchased for $10,000, is depreciated over 5 years. Its salvage value is estimated at $500. Find the depreciation and remaining depreciable value for the first 3 years of the machine's life using the declining-balance method at double the straight-line rate (200 percent declining-balance). Keystrokes 10000$ 500M 5n 200¼ 1f# ~ 2f# ~ 3f# ~ Display 10,000.00 500.00 5.00 200.00 4,000.00 5,500.00 2,400.00 3,100.00 1,440.00 1,660.00 Enters original cost. Enters salvage value. Enters expected useful life. Enters declining-balance factor. Depreciation in first year. Remaining depreciable value after first year. Depreciation in second year. Remaining depreciable value after second year. Depreciation in third year. Remaining depreciable value after third year. To calculate depreciation and the remaining depreciable value when the acquisition date of the asset does not coincide with the beginning of the fiscal accounting year, refer to the procedures in Section 13. That section also includes a procedure for depreciation calculations when changing from the declining-balance method to the straight-line method, and a procedure for calculating excess depreciation. File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 69 of 209 Dimension: 14.8 cm x 21 cm