At a Glance...
9
For more information on amortization, refer to the section titled,
Amortization
in chapter 6,
Time Value of Money Calculations
.
Depreciation
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.
4
-1,388.36
Displays interest.
4
13,836.22
Displays the balance
amount.
Table 1-16 Amortization example
Keys
Display
Description
Table 1-17 Depreciation keys
Keys
Description
Ù
Expected useful life of the asset.
Ò
Declining balance factor entered as a
percentage.
Ï
Depreciable cost of the asset at acquisition.
É
Salvage value of the asset.
]{
Straight-line depreciation.
]x
Sum-of-the-years’-digits depreciation.
]u
Declining Balance depreciation.
Table 1-18 Calculating the depreciation
Keys
Display
Description
J::::Ï
10,000.00
Inputs cost of the item.
V::É
500.00
Inputs the salvage value of the
item.
VÙ
5.00
Inputs the useful life of the asset.
J]{
1,900.00
Depreciation of the asset in year
one.
Summary of Contents for 10bII+
Page 1: ...i HP 10bII Financial Calculator User s Guide HP Part Number NW239 90001 Edition 1 May 2010 ...
Page 3: ...iii HP 10bII Financial Calculator ...
Page 30: ...At a Glance 22 ...
Page 144: ...Statistical Calculations 136 ...
Page 183: ...Warranty Regulatory and Contact Information 9 ...
Page 184: ...Warranty Regulatory and Contact Information 10 ...