ITs a python code. It would be nice of you if you write comments with every single line of code. this would help me get a better understanding of it. I posted this before too but that tutor didn't put comments on it so can you please put comments please please. Also, please paste ur indented code. For tax purpose an item may be depreciated over a period of several years. With the straight-line method ofdepreciation, each year the item depreciates by (1/n)th of its original value. With the double-declining-balancemethod of depreciation, each year the item depreciates by (2/n)ths of its value at the beginning of that year. (In thefinal year it is depreciated by its value at the beginning of the year). Write a program that perform the followingtasks:a) Request a description of the item, the year of purchase, the cost of the item, the number of years to bedepreciated (estimated life), and the method of depreciation.b) Display a year-by-year description of the depreciation in a table setting. See Output Examples below:Output ExamplesEnter name of item purchased: computerEnter year purchased: 2016Enter cost of item: 2000Enter estimated life of item (in years): 5Enter method of depreciation (SL Or DDB): SLDescription: computerYear of purchase: 2016Cost: $2,000.00Estimated life: 5 yearsMethod of depreciation: straight-lineTotal Depreciationto End of Year20162017201820192020Value atBeg of Yr.2,000.001,600.001,200.00800.00400.00Amount DeprecDuring Ÿear400.00400.00400.00400.00400.00400.00800.001,200.001,600.002,000.00Enter name of item purchased: computerEnter year purchased: 2016Enter cost of item: 2000Enter estimated life of item (in years): 5Enter method of depreciation SL or DDB>: ddbDescription: computerYear of purchase: 2016Cost: $2,000.00Estimated life: 5 yearsMethod of de preciation: double-declining balance20162017201820192020Value atBeg of Yr.2,000.001,200.00720.00432.00259.20Amount DeprecDuring Year800.00480.00288.00172.80259.20Total Depreciationto End of Year800.001,280.001,568.001,740.802,000.00| « O DDB Value BreakdownTotal DepreciationTo end of YearYearValue atAmountBeg of yr.DeprecDuringYear20162,000.00800.00800.002/5*200020171,200.00480.001280.002000-800=12002/5*1200800+480=12802018720.00288.001568.002000-1200-480=7202/5*720800+480+2882019432.00172.801740.802000-1200-480-288=4322/5*432800+580+288+172.802020259.20259.202000.002000-1200-480-288-172.80=259.20800+580+288+172.80+259.20

#getting item name from useritem_name = input("Enter name of the item purchased: ")#getting year of…

ITs a python code. It would be nice of you if you write comments with every single line of code. this would help me get a better understanding of it. I posted this before too but that tutor didn't put comments on it so can you please put comments please please. Also, please paste ur indented code.

ITs a python code. It would be nice of you if you write comments with every single line of code. this would help me get a better understanding of it. I posted this before too but that tutor didn't put comments on it so can you please put comments please please. Also, please paste ur indented code.

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter12: Review Of Calculus And Probability

Section12.5: Random Variables, Mean, Variance, And Covariance

Problem 5P

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