]

2AO8%K*((&(("

Remaining depreciable

 

 

value after third year

 

 

using SL.

The ACRS Method

To calculate the amount of tax deduction under the U.S. Accelerated Cost Recovery System:

1.Display the DEPRC menu: press "….

2.Enter the cost basis of the asset and press

3.The Internal Revenue Service publishes tables that list the percentage of an asset’s basis that can be deducted each year of its prescribed life. Look up that value, enter it, and press .

4.Press Što calculate the value of the deduction.

Example: ACRS Deductions. Use the ACRS method to find the in- come-tax deduction for a $25,000 asset over 3 years of a 5-year life. Use this hypothetical ACRS table:

Year

Percentage Deductible

 

 

1

15

2

25

3

20

4

20

5

20

 

 

Keys:

Display:

Description:

 

 

 

 

 

 

DEPRC menu.

"

 

 

"

 

 

 

 

25000

J1F;F8$.K(((&(("

Enters basis.

 

 

 

15

 

172F68#.&(("

Tabular value, year 1.

 

172F8%K-.(&(("

Deduction in first year.

Š

 

118 9: Depreciation

File name : 17BII-Plus-Manual-E-PRINT-030709

Print data : 2003/7/11

Page 118
Image 118
HP 17bII manual Acrs Method, Year Percentage Deductible Keys Display Description, 118 9 Depreciation