HP 10bII+ - Page 22

16 Ge tt ing Sta r t e d
A metalworking machine, purchased for 10,000.00, is to be depreciated over
five years. Its salvage value is estimated at 500.00. Using the straight-line
method, find the depreciation and remaining depreciable value for each of the
first two years of the machine's life.
For more information on depreciation, refer to chapter 7, Depreciation in the HP
10bII+ Financial Calculator User’s Guide.
Table 1-18 Calculating the depreciation
Keys Display Description
]OJ
TVM CLR (message
flashes, then
disappears)
Clears TVM memory.
J::::Ï
10,000.00 Inputs cost of the item.
V::É
500.00 Inputs the salvage
value of the item.
VÙ
5.00 Inputs the useful life of
the asset.
J]{
1,900.00 Depreciation of the
asset in year one.
\«
7,600.00 Remaining
depreciable value
after year one.
G]{
1,900.00 Depreciation of the
asset in year two.
\«
5,700.00 Remaining
depreciable value
after year two.