Table 7-2 Depreciation example using SL

Keys

Display

Description

 

 

 

5.00

Inputs 5 for the expected useful life of the

 

asset in the selected format.

 

 

 

J]{

1,900.00

Enters the year for which depreciation is

 

to be calculated and calculates the

 

 

depreciation of the asset in year one.

 

 

TVM and X are displayed.

 

 

 

7,600.00

Displays remaining depreciable value

 

after year one. X changes to Y in the

 

 

display.

 

 

 

G]{

1,900.00

Enters the year for which depreciation is

 

to be calculated and calculates the

 

 

depreciation of the asset in year two.

 

 

 

5,700.00

Displays remaining depreciable value

 

after year two.

 

 

 

Example 2

A machine was purchased for 4,000 and is to be depreciated over four years with a 1,000 salvage value. Using the sum-of-the-year's digit method, what is the depreciation during the machine's first year and third years? What is the remaining depreciable value?

Table 7-3 Depreciation example using SOYD

Keys

Display

Description

 

 

 

]OJ

TVM CLR (message flashes

Clears TVM registers.

then disappears)

 

 

 

 

Y:::Ï

4,000.00

Enters the depreciable cost of the asset at

 

acquisition.

 

 

 

4.00

Enters the expected useful life of the asset.

 

 

 

 

J:::É

1,000.00

Enters the salvage value.

 

 

 

 

J]x

1,200.00

Calculates the depreciation for the first year.

 

 

 

 

D]x

600.00

Calculates the depreciation for the third year.

 

 

 

 

300.00

Displays the remaining depreciable value.

 

 

 

 

Depreciation 85

Page 93
Image 93
HP 10bII+ Financial manual Inputs 5 for the expected useful life

10bII+ Financial specifications

The HP 10bII+ Financial Calculator is a versatile and powerful tool designed to meet the needs of finance students, professionals, and anyone involved in financial planning and analysis. Known for its compactness and user-friendly interface, this calculator incorporates a range of features specifically tailored for financial calculations, making it an essential gadget for banking, real estate, and investment analysis.

At the heart of the HP 10bII+ is its ability to perform a wide variety of financial functions, including time value of money calculations, cash flow analysis, bond pricing, and depreciation. Its built-in functions facilitate the computation of interest rates, present and future values, net present value (NPV), internal rate of return (IRR), and annuities. This array of functionalities allows users to tackle complex financial problems with ease.

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The design of the HP 10bII+ is sleek and compact, making it highly portable and easy to handle. With a large, easy-to-read display, it ensures that users can view their calculations clearly, even in low-light environments. The keys are well-spaced and tactile, allowing for a comfortable typing experience during intensive calculations.

The calculator also offers a range of memory functions, enabling users to store and recall important values easily. This is particularly useful for financial professionals who must deal with multiple calculations and refer back to previous results frequently.

Additionally, the HP 10bII+ is powered by two AAA batteries, providing a long battery life that ensures reliability during extended use. It also features an automatic shut-off function, which conserves battery life when the calculator is not in use.

In summary, the HP 10bII+ Financial Calculator is a high-performance device that combines essential financial functions with user-friendly design and robust technology. Whether for educational purposes or professional finance work, its capabilities make it an invaluable asset for anyone dealing with financial calculations and decision-making.