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For tax purpose an item may be depreciated over a period of several years. With the straight-line method of depreciation, cach year the item depreciates by (l/n)th of its original value. With the double-declining-balance method of depreciation, cach year the item depreciates by (2/n)ths of its value at the beginning of that year. (Int final year it is depreciated by its value at the beginning of the year). Write a program that perform 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 depreciate d (estimated life), and the method of depreciation. b) Display a year-by-ycar description of the depreciation in a table setting. See Output Examples below: Putrut Exampiss

For tax purpose an item may be depreciated over a period of several years. With the straight-line method of depreciation, cach year the item depreciates by (l/n)th of its original value. With the double-declining-balance method of depreciation, cach year the item depreciates by (2/n)ths of its value at the beginning of that year. (Int final year it is depreciated by its value at the beginning of the year). Write a program that perform 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 depreciate d (estimated life), and the method of depreciation. b) Display a year-by-ycar description of the depreciation in a table setting. See Output Examples below: Putrut Exampiss

Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter16: Probabilistic Inventory Models
Section16.3: The News Vendor Problem: Discrete Demand
Problem 9P
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NEED HELP WITH PYTHON CODE. AND PLEASE PROVIDE DETAILS ON HOW AND WHAT DID YOU USE FOR YOUR WORK SEPARATELY.  

For tax purpose an item may be depreciated over a period of several years. With the straight-line method of depreciation, each year the item depreciates by (1/n)th of its original value. With the double-declining-balance method of depreciation, each year the item depreciates by (2/n)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 perform 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 in a table setting. See Output Examples below: Output Examples Enter nane of iten purchased: conputer Enter year purchased: 2016 Enter cost of iten: 2000 Enter estinated life of iten (in years): 5 Enter method of depreciation (SL or DDB>: SL Description: computer Year of purchase: 2016 Cost: $2,08.00 Estimated life: 5 years Method of depreciation: straight-line 2016 2017 2018 2019 2020 Value at Beg of Yr. 2,000.00 1,600.00 1,200.00 800.00 400.00 Amount Deprec During Year 400.00 400.00 400.00 400.00 400.00 Total Depreciation to End of Year 400.00 800.00 1,200.00 1,600.00 2,000.00 Enter name of iten purchased: conputer Enter year purchased: 2016 Enter cost of iten: 2000 Enter estinated life of iten (in years): 5 Enter method of depreciation (SL or DDB): ddb Description: computer Year of purchase: 2016 Cost: $2,000.00 Estinated life: 5 years Method of depreciation: double-declining balance 2016 2017 2018 2019 2020 Value at Beg of Yr. 2,000.00 1,200.00 720.00 432.00 259.20 Anount Deprec During Year Š08.80 480.00 288.00 172.80 259.20 Total Depreciation to End of Year 800.00 1,280.00 1,568.00 1,740.80 2,000.00
Transcribed Image Text:For tax purpose an item may be depreciated over a period of several years. With the straight-line method of depreciation, each year the item depreciates by (1/n)th of its original value. With the double-declining-balance method of depreciation, each year the item depreciates by (2/n)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 perform 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 in a table setting. See Output Examples below: Output Examples Enter nane of iten purchased: conputer Enter year purchased: 2016 Enter cost of iten: 2000 Enter estinated life of iten (in years): 5 Enter method of depreciation (SL or DDB>: SL Description: computer Year of purchase: 2016 Cost: $2,08.00 Estimated life: 5 years Method of depreciation: straight-line 2016 2017 2018 2019 2020 Value at Beg of Yr. 2,000.00 1,600.00 1,200.00 800.00 400.00 Amount Deprec During Year 400.00 400.00 400.00 400.00 400.00 Total Depreciation to End of Year 400.00 800.00 1,200.00 1,600.00 2,000.00 Enter name of iten purchased: conputer Enter year purchased: 2016 Enter cost of iten: 2000 Enter estinated life of iten (in years): 5 Enter method of depreciation (SL or DDB): ddb Description: computer Year of purchase: 2016 Cost: $2,000.00 Estinated life: 5 years Method of depreciation: double-declining balance 2016 2017 2018 2019 2020 Value at Beg of Yr. 2,000.00 1,200.00 720.00 432.00 259.20 Anount Deprec During Year Š08.80 480.00 288.00 172.80 259.20 Total Depreciation to End of Year 800.00 1,280.00 1,568.00 1,740.80 2,000.00
DDB Value Breakdown Year Value at Beg of yr. Amount Total Depreciation Deprec To end of Year During Year 2016 2,000.00 800.00 800.00 2/5*2000 2017 1,200.00 480.00 1280.00 2000-800=1200 2/5*1200 800+480=1280 2018 720.00 288.00 1568.00 2000-1200-480=720 2/5*720 800+480+288 2019 432.00 172.80 1740.80 2000-1200-480-288=432 2/5*432 800+580+288+172.80 2020 259.20 259.20 2000.00 2000-1200-480-288-172.80=259.20 800+580+288+172.80+259.20
Transcribed Image Text:DDB Value Breakdown Year Value at Beg of yr. Amount Total Depreciation Deprec To end of Year During Year 2016 2,000.00 800.00 800.00 2/5*2000 2017 1,200.00 480.00 1280.00 2000-800=1200 2/5*1200 800+480=1280 2018 720.00 288.00 1568.00 2000-1200-480=720 2/5*720 800+480+288 2019 432.00 172.80 1740.80 2000-1200-480-288=432 2/5*432 800+580+288+172.80 2020 259.20 259.20 2000.00 2000-1200-480-288-172.80=259.20 800+580+288+172.80+259.20
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