Victor Technology V12 manual 500.00

V I C T O R T E C H N O L O G Y

¾Touch b SOYD for sum of years number option

No matter which depreciation method is used the remaining depreciated value may be displayed by touching x ↔ y .

Example

Your company purchases a car for $3,500, which depreciates over 6 years. The salvage value is expected to be $900. Find the amount of depreciation and remaining depreciable value 1 year and after 4 years of car ownership using the declining-balance method at double the straight-line rate (200%).

ENTRIES				DISPLAY
				3,500.00
3500		PV		Stores the purchase price of $3,500 as the Present
				Value
				900.00
900 FV				Stores the salvage value of $900 as the Future
				Value
				6.00
	6 n			Stores 6 years as the number of periods for which
				depreciation will be calculated
				200.00
200			i	Stores 200% as the accelerated rate at which
				depreciation will be calculated.
				1,1667.67
1 b			DB
				Displays the depreciation for year one
				1,433.33
	x ↔ y			Displays the amount left to be depreciated after
				one year
				137.04
4 b			DB
				Displays the depreciation for year four
				00.00
	x ↔ y			Displays the amount left to be depreciated after
				four years

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