Answered: For tax purposes an item may be…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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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/nth of its
original value. With the double declining balance method of depreciation, each year the item
depreciates 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 using **Visual Basic** that performs the following tasks:
1.1 Request a depreciation 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.
1.2 Display a year by year description of the depreciation.

Depreciation to a Salvage Value of 0
Description of item: Computer
Estimated life of item (years): 5
Straight Line Method
Year of purchase: 2008
Approximate Time
Until it Hits The
Depreciation computer
Year of purchase:2008
Cost: R1,500.00
Estimated life:5
Method of depreciation:Straight-line
Value at beginning of 2008:R1,500.00
Amount of depreciation during 2008: R300.00
Total depreciation at end of 2008:R300.00
Value at beginning of 2009:R1,200.00
Amount of depreciation during 2009:R300.00
Total depreciation at end of 2009: R600.00
Cost: 1500
X
M.

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