HP 10bII+ Financial manual 10,000.00, Value of the item Inputs the salvage, Asset

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.

Table 1-18 Calculating the depreciation

KeysDisplay Description

]OJ	TVM CLR (message	Clears TVM memory.
	flashes, then
	disappears)
J::::Ï	10,000.00	Inputs cost of the item.
V::É	500.00	value of the item.
		Inputs the salvage
VÙ	5.00	Inputs the useful life of
		the asset.
J]{	1,900.00	Depreciation of the
		asset in year one.
\«	7,600.00	Remaining
		depreciable value
		after year one.
G]{	1,900.00	Depreciation of the
		asset in year two.
\«	5,700.00	Remaining
		depreciable value

after year two.

For more information on depreciation, refer to chapter 7, Depreciation in the HP 10bII+ Financial Calculator User’s Guide.

16 Getting Started