R3: Dep. value | R4: Dep. life |
R5: Factor | R6: MTR |
|
1.Key in the program and press 
CLEAR 
.
2.Key in the loan values:
•Key in annual interest rate and press 
.
•Key in mortgage amount and press 
.
•Key in monthly payment and press 
.
(If any of the values are unknown, they should be solved for.)
3.Key in depreciable value and press 
3.
4.Key in depreciable life in years and press 
4.
5.Key in accelerated depreciation factor for the declining balance method
and press 
5.
6.Key in your Marginal Tax Rate as a percentage and press 
6.
7.Key in the purchase price and press 
.
8.Key in the sale price and press 
.
9.Key in the % commission charged on the sale and press 
.*
*If a dollar value is desired instead of a commission rate, key in 
, which does not affect the register values, at line 04 of the program.
10.Key in the number of years after purchase and press 
.
Example 1: An apartment complex, purchased for $900,000 ten years ago, is sold for $1,750,000. The closing cost are 8% of the sale price and the income tax rate is 48%.
A $700,000 loan for 20 years at 9.5% annual interest was used to purchase the complex. When it was purchased the depreciable value was $750,000 with a useful life of 25 years. Using 125% declining balance depreciation, what are the
Keystrokes Display
CLEAR 
0.00
18