The Financial officer at RGI wants you to develop an application that will evaluate the company’s asset’s annual depreciation using the double-declining balance and sum-of-the years’ digit method. The Financial officer will enter the asset’s cost, useful life (in years), and salvage value (which is the value of the asset at the end of its useful life). The sample of the application can be seen in Figure 2. The interface provides text boxes for entering the asset cost and salvage value. It also provides a list box for selecting the useful life, which ranges from 3 to 20 years. The depreciation amounts are displayed in the list boxes. (You can use the DDB and SYD functions in Microsoft Excel to verify the amounts shown in Figure 2 are correct). Create a windows form application using the name RGI annual asset depreciation App. You can use the visual basic’s Financial.DDB method to calculate the double-declining balance depreciation and use its Financial.SYD method to calculate the sum-of-the-years’ digit depreciation. The Financial.DDB method syntax is Financial.DDB (cost, salvage, life, period). The Financial.SYD method syntax is Financial.SYD (cost, salvage, life, period). In both syntaxes, the cost, salvage and life arguments are the asset’s cost, salvage value and useful life respectively. The period argument is the period for which you want the depreciation amount calculated. Both methods return the depreciation amount as double number. Code the application, save the solution and run the application
OOPs
In today's technology-driven world, computer programming skills are in high demand. The object-oriented programming (OOP) approach is very much useful while designing and maintaining software programs. Object-oriented programming (OOP) is a basic programming paradigm that almost every developer has used at some stage in their career.
Constructor
The easiest way to think of a constructor in object-oriented programming (OOP) languages is:
The Financial officer at RGI wants you to develop an application that will evaluate the
company’s asset’s annual depreciation using the double-declining balance and sum-of-the
years’ digit method. The Financial officer will enter the asset’s cost, useful life (in years), and
salvage value (which is the value of the asset at the end of its useful life). The sample of the
application can be seen in Figure 2. The interface provides text boxes for entering the asset
cost and salvage value. It also provides a list box for selecting the useful life, which ranges
from 3 to 20 years. The depreciation amounts are displayed in the list boxes. (You can use
the DDB and SYD functions in Microsoft Excel to verify the amounts shown in Figure 2 are
correct). Create a windows form application using the name RGI annual asset depreciation
App. You can use the visual basic’s Financial.DDB method to calculate the double-declining
balance depreciation and use its Financial.SYD method to calculate the sum-of-the-years’
digit depreciation. The Financial.DDB method syntax is Financial.DDB (cost, salvage, life,
period). The Financial.SYD method syntax is Financial.SYD (cost, salvage, life, period). In both
syntaxes, the cost, salvage and life arguments are the asset’s cost, salvage value and useful
life respectively. The period argument is the period for which you want the depreciation
amount calculated. Both methods return the depreciation amount as double number. Code
the application, save the solution and run the application
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