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
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter16: Probabilistic Inventory Models
Section16.3: The News Vendor Problem: Discrete Demand
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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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