Depreciation on the calculator

[Pgiger]

Hi all,
I’ve been reviewing leases and thought I recalled a post on using the calculator to solve for depreciation/amortization. Can anyone explain how to do this or post the link?
Thanks.

 

[dunbelievable]

do you still have the calculator book? that is probably a dumb question. after you input the info like a bond or mortgage, hit 2nd PV (AMORT)

 

[Pgiger]

Hi Dun,
I’ve got the calculator manual. Thanks for pointing me in the right direction. The issue I’m having is in regards to application. I’ve been trying to get it to work on the example in volume 3, pg 550. Here’s the basics.
PV = $100,000
Annual lease payment = 28,679 = PMT
I/Y = 10%
FV = 0
N = 4
If I input that amount, the amortization schedule is incorrect. It is wrong because it’d charging the interest expense in year 1 (something the example ignores). I can get it to work if I reduce N by 1 and the PV by a payment. However, is there a more efficient way to do this?
Thanks.

 

[mbolzicco]

Make sure your calculator isnt in BEG mode?