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Depreciation For tax purposes an item may be depreciated over a period of several years, n With the straight-line method of depreciation, each year the
Depreciation For tax purposes an item may be depreciated over a period of several years, n With the straight-line method of depreciation, each year the item depreciates by (1)th of its original value. With the double-declining-balance method of depreciation, each year the item depreciates by (2)ths of its value at the beginning of that year. (In the final year it is depreciated by its value at the beginning of the year.) Write a program that performs the following tasks: (a) Request a description of the item, the year of purchase, the cost of the item the number of years to be depreciated (estimated life), and the method of depreciation. The method of depreciation should be chosen by clicking on one of two buttons. (b) Display a year- by-year description of the depreciation. See Fig. 6.80 Cost: 1500 Estimated life of item (years Purchsse: 2015 Straight-Line Mathad Doubla-Declining-Balanca Method Dascrpton computar esrofpurchase:2015 Coat $1.500 00 Esimared lins:5 Mathod straighHine Value stbeginning of 2015 91.500 00 Amount of clepreciation during 2015930000 Total depreciation at end cf 2015: $3000 Value atbeginning of2016 31,20000 Amount or cleprecistion during 2016:930000 natend of 2016 3600 00 FIGURE 6.80 Possible outcome of Programming Project 4
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