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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.

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.

Database System Concepts
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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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.
Transcribed Image Text: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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