Using Thonny for the following Question:

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.

(b) Display a year-by-year description of the depreciation. See Fig. 4.38.

Enter name of item purchased: computer Enter year purchased: 2012 Enter cost of item: 2000 Enter estimated life of item (in years)5 Enter method of depreciation (SL or DDB) DDB Description: computer Year of purchase: 2012 Cost: $2,000.00 Estimated life: 5 years Method of depreciation: double-declining balance 2012 2013 2014 2015 2016 Beg of Yr. 2,000.00 1,200.00 720.00 432.00 259.20 Value at Amount Deprec Total Depreciation to End of Year 800.00 1,280.00 1,568.00 1,740.80 2,000.00 During Year 800.00 480.00 288.00 172.80 259.20 FIGURE 4.38 Possible outcome of Programming Project 4