use visual basic Depreciation to a Salvage Value of 0 . 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 dpreciates by 1/nth of it original value. with the double-declining-balance method of depreciation, each year the item depreciate by 2/nths 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. 6.15 .

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use visual basic Depreciation to a Salvage Value of 0 . 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 dpreciates by 1/nth of it original value. with the double-declining-balance method of depreciation, each year the item depreciate by 2/nths 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. 6.15 .

Depreciation to a Salvage Value of 0
Description computer
of item:
Year of
purchase:
Estimated lfe of
5
item (years):
2008
Cost: 1500
Straight-Line Method
Double-Declining-Balance Method
Description: computer
Year of purchase: 2008
Cost: $1,500.00
Estimated ife: 5
Method of depreciation: straight-ine
Value at beginning of 2008: $1.500.00
Amount of depreciation during 2008: $300.00
Total depreciation at end of 2008: $300.00
Value at beginning of 2009: $1.200.00
Amount of depreciation during 2009: $300.00
Total depreciation at end of 2009: S600.00
Value at beginning of 2010: $900.00
Amount of depreciation during 2010: $300.00
Total depreciation at end of 2010: $900.00
FIGURE 6.15 Sample output of Programming Project 7.
Transcribed Image Text:Depreciation to a Salvage Value of 0 Description computer of item: Year of purchase: Estimated lfe of 5 item (years): 2008 Cost: 1500 Straight-Line Method Double-Declining-Balance Method Description: computer Year of purchase: 2008 Cost: $1,500.00 Estimated ife: 5 Method of depreciation: straight-ine Value at beginning of 2008: $1.500.00 Amount of depreciation during 2008: $300.00 Total depreciation at end of 2008: $300.00 Value at beginning of 2009: $1.200.00 Amount of depreciation during 2009: $300.00 Total depreciation at end of 2009: S600.00 Value at beginning of 2010: $900.00 Amount of depreciation during 2010: $300.00 Total depreciation at end of 2010: $900.00 FIGURE 6.15 Sample output of Programming Project 7.
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