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

]		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 to 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					Enters basis.
15					Tabular value, year 1.
					Deduction in first year.
				

118 9: Depreciation

File name : English-M02-1-040308(Print).doc Print data : 2004/3/9