Has anyone used there calc to calculate depreciation expense? I was just messing around with it yesterday and I realized there is a function on the calc to determine Straight Line, SSD and Double Declining depr expense. Has anyone been using these functions to answer questions?
yup. its pretty sweet. especially when they ask to figure out sum of years for year 4 or something like
Definitely. I advise everyone to spend an hour going through their calc manuals… it is worth it. There are some functions that can really save you time.
dlo: Which other functions do you find useful? I’ll have to practice tonight using the depreciation functions. I’m actually pissed I wasted all that time memorizing those equations lol.
Hey this Calculator is awesome, figured out how to use it to compute Standard Deviation and Correlation Coefficient. Prob should’ve read the book when I first got it.
Hmmm. That’s definitely good to hear! Which calculator are you guys using? I’m using the TI BA II Plus Professional.
Same, TI BA II Plus
can someone post instructions for people without a manual. Thank you.
dudeinthecity check it out: http://education.ti.com/guidebooks/financial/baiipluspro/BAIIPLUSPROGuidebook_EN.pdf
For those who can’t be A$$ED reading you can even have the compute show you how to do it. http://movies.atomiclearning.com/k12/ti_ba2
I have the HP-12C But either way, they do help to save time in some calculations. Std. dev Mean Depreciation Weighted Averages Just to name the most important ones.
Wow I need to learn these buttons…in my college courses I was never allowed to use the financial calculator, except for my intro to finance class…well I could, but I had to show my work, so they served to good except to verify my answers. I have the HP 12c, and evidently need to download the manual!
Helped me a lot: http://movies.atomiclearning.com/k12/ti_ba2/ http://www.tvmcalcs.com/calculator_index
that is amazing…I just did a standard deviation calculation using my calculator - I had no idea it could do it and I even got it correct. I am speechless
newsuper Wrote: ------------------------------------------------------- > that is amazing…I just did a standard deviation > calculation using my calculator - I had no idea it > could do it and I even got it correct. I am > speechless Agreed!..not only that but population and sample!
Just make sure that you understand the equations though, especially for deprecation because they’ll ask questions on how messing around with salvage value and what not effects depr expense. Higher Salvage value = Lower Depr expense = More aggressive. Also if you are computing Variance, make sure to double the Standard D on the calc. Common sense but I made the mistake of forgetting to do that part because I was so amazed the calc did all the work for me lol.
Just taught myself how to do the depreciation stuff and will play with the stat stuff in a bit. This is so sweet!