"AST1CAL3 EQUATION VARIABLE |N15 1N|","10-01-1993","09:14:58"
"RATEDEPR=1-EXP(1/NYEARS*LOG(SCRPVAL/ORIGCOST)) DEPR%=RND(100*RATEDEPR) BKVAL#1=RND(ORIGCOST*(1-RATEDEPR)) BKVAL#2=RND(ORIGCOST*(1-RATEDEPR)^2) BKVAL#3=RND(ORIGCOST*(1-RATEDEPR)^3) BKVAL#N=RND(ORIGCOST*(1-RATEDEPR)^N) DPRCHARG=RND(ORIGCOST*(1-RATEDEPR)^(N-1))-BKVAL#N DPRFUND=ORIGCOST-BKVAL#N"
"FINANCE: DEPRECIATION, CONSTANT PERCENTAGE (RATE) METHOD.      Determine the annual depreciation charge by assuming depreciation charge is madeat year end and is a fixed percentage or rate RATEDEPR of the book value at the beginning ofthe year.                                                                                                                                           Ans(a) Set N=1, NYEARS=6, ORIGCOST=19,200, SCRPVAL=1440. Depreciation rate      is 0.351.                                                                                                                                                       Ans(b) Setup as in (a) above. Set N=1, then 3 then 6. Results are:                   Year End    Book Val.     Depr. Chrg.     Depr. Fund                               0         19,200                                                                1         12,468        6,732            6,732                                  3          5,258        2,839           13,942                                  6          1,440          777           17,760                                                                                                          Type any key to exit.       (c) Copyright PCSCC, Inc., 1993                                                                                                                    ||(a) A car costing $19,200 has a useful life of 6 years and has a scrap value of $1,440.  Find the annual rate of depreciation.                                  (b) Construct a depreciation schedule: book value at year end, depreciation charge and amount in depr. fund for years 1, 3 and 6.                 Type comma key to see answers.  Type (F2) to return to application file."
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