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HP 12c Platinum Financial Calculator - Depreciation Calculations

The HP 12c Platinum calculates 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 calculate the depreciation with any of these methods:
  1. Enter the original cost of the asset, using .
  2. Enter the salvage value of the asset, using . If the salvage value is zero, press .
  3. Enter the expected useful life of the asset (in years), using .
  4. If the declining-balance method is being used, enter the declining-balance factor (as a percentage), using . For example, 1.25 times the straight-line rate - 125 percent declining-balance would be entered as .
  5. Key in the number of the year for which depreciation is to be calculated.
  6. Press:
    • for depreciation using the straight-line method.
    • for depreciation using the sum-of-the-years digits method.
    • for depreciation using the declining-balance method.
, , and 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 .
The following example may be calculated in either RPN or Algebraic mode.
Example
A metalworking machine, purchased for $10,000, is depreciated over 5 years. Its salvage value is estimated at $500. Calculate the depreciation and the 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).
Keystroke
Display
Description
10,000.00
Enters the original cost.
500.00
Enters salvage value.
5.00
Enters the expected useful life.
200.00
Enters the declining-balance factor.
4,000.00
Calculates the depreciation in the first year.
5,500.00
Calculates the remaining depreciable value after first year.
2,400.00
Calculates the depreciation in the second year.
3,100.00
Calculates the remaining depreciable value after second year.
1,440.00
Calculates the depreciation in the third year.
1,660.00
Calculates the remaining depreciable value after third year.

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