Owner's Manual

62 Depreciation Worksheet
Example: Computing Straight-Line Depreciation
In mid-March, a company begins depreciation of a commercial building with a
31½ year life and no salvage value. The building cost $1,000,000. Use the
straight-line depreciation method to compute the depreciation expense,
remaining book value, and remaining depreciable value for the first two years.
To Press Display
Access Depreciation
worksheet
& p
SL
Enter life in years #
31.5 !
LIF = 31.501
Enter starting month #
3.5 !
M01 = 3.501
Enter cost
#
1000000
!
CST = 1,000,000.001
Leave salvage value as is
#
SAL = 0.00
Leave year as is
#
YR = 1.00
Display depreciation
amount, remaining book
value, and remaining
depreciable value
#
#
#
DEP =
RBV =
RDV =
25,132.28*
974,867.72*
974,867.72*
View second year # & !
YR =
YR =
1.00
2.001
Display second year
depreciation data
#
#
#
DEP =
RBV =
RDV =
31,746.03*
943,121.69*
943,121.69*
Answer: For the first year, the depreciation amount is $25,132.28, the
remaining book value is $974,867.72, and the remaining depreciable value is
$974,867.72.
For the second year, the depreciation amount is $31,746.03, the remaining
book value is $943,121.69, and the remaining depreciable value is
$943,121.69.