Sharp EL-738C User Manual

In April, your company begins depreciation of a commercial 
building with a 30-year life and no salvage value. The building 
costs $1,500,000. Calculate the depreciation amount, remaining 
book value and remaining depreciable value for the third year 
using the straight-line depreciation method.

Bring up the initial 
display in NORMAL 
mode, and select the 
straight-line deprecia-
tion method.

s ~ 2 0

000

Select depreciation 
calculations.

O

SL

----------

Enter the number of 
years of depreciation.

i 30 Q

LIFE(N)=

3000

Enter the starting 
month.

i 4 Q

START MONTH=

400

Enter the cost of asset. 

i 1500000 Q

COST(PV)=

150000000

Enter the salvage value.

i 0 Q

SALVAGE(FV)=

000

Enter the year for calcu-
lating depreciation value.

i 3 Q

YEAR=

300

Calculate depreciation 
for the year.

i

DEPRECIATE=

5000000

Calculate the remaining 
book value.

i

RBV=

136250000

Calculate the remaining 
depreciation value.

i

RDV=

136250000

Answer:  At the third year, the depreciation amount is $50,000, 

the remaining book value is $1,362,500, and the re-
maining depreciable value is $1,362,500.

3 Financial FunctionsCurrent.indd   50

3 Financial FunctionsCurrent.indd   50

06.7.10   8:38:47 PM

06.7.10   8:38:47 PM