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VICTOR TECHNOLOGY
27
¾ Touch 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
3500 PV
3,500.00
Stores the purchase price of $3,500 as the Present
Value
900 FV
900.00
Stores the salvage value of $900 as the Future
Value
6 n.
6.00
Stores 6 years as the number of periods for which
depreciation will be calculated
200 i.
200.00
Stores 200% as the accelerated rate at which
depreciation will be calculated.
1 b DB
1,1667.67
Displays the depreciation for year one
x ↔ y
1,433.33
Displays the amount left to be depreciated after
one year
4 b DB
137.04
Displays the depreciation for year four
x ↔ y
00.00
Displays the amount left to be depreciated after
four years