HP (Hewlett-Packard) Calculator HP 12C Financial Calculator User Manual

4.7

Out of 3 Ratings

Owner's of the HP (Hewlett-Packard) Calculator HP 12C Financial Calculator gave it a score of 4.7 out of 5. Here's how the scores stacked up:

  • Reliability

    5.0 out of 5

  • Durability

    5.0 out of 5

  • Maintenance

    5.0 out of 5

  • Performance

    5.0 out of 5

  • Ease of Use

    3.5 out of 5
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84 Section 4: Additional Financial Functions
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 84 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
Depreciation Calculations
The hp 12c platinum enables you to calculate depreciation and the remaining
depreciable value (book value minus salvage value) using the straight-line,
sum-of-the-years-digits, and declining-balance methods. To do so with any of these
methods:
1. Enter the original cost of the asset, using $.
2. Enter the salvage value of the asset, using M. If the salvage value is zero,
press 0M.
3. Enter the expected useful life of the asset (in years), using n.
4. If the declining-balance method is being used, enter the declining-balance
factor (as a percentage), using ¼. For example, 1.25 times the straight-line
rate — 125 percent declining-balance — would be entered as 125¼.
5. Key in the number of the year for which depreciation is to be calculated.
6. Press:
z fV for depreciation using the straight-line method.
z fÝfor depreciation using the sum-of-the-years digits method.
z f# for depreciation using the declining-balance method.
fV
,
fÝ
, and
f#
each place the amount of depreciation in the display.
To display the remaining depreciable value (the book value less the salvage value)
after the depreciation has been calculated, press
~
.
Example:
A metalworking machine, purchased for $10,000, is depreciated over
5 years. Its salvage value is estimated at $500. Find the depreciation and
remaining depreciable value for the first 3 years of the machine’s life using the
declining-balance method at double the straight-line rate (200 percent
declining-balance).
Keystrokes Display
10000
$
10,000.00
Enters original cost.
500
M
500.00
Enters salvage value.
5
n
5.00
Enters expected useful life.
200
¼
200.00
Enters declining-balance factor.
1
f#
4,000.00
Depreciation in first year.
~
5,500.00
Remaining depreciable value after
first year.
2
f#
2,400.00
Depreciation in second year.

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