Bmis 208 Depreciation

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BMIS 208 DEPRECIATION
________________________________________
Depreciation to a Salvage Value of 0: Instructions
Depreciation is the systematic and rational allocation of cost over a period of time.
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 Visual Basic program that performs the following tasks: Deliverables
1. Request a description of the item, the year of the 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.
2. Using the formulas below, calculate the amount of depreciation per year given the values entered by the user. You may assume a salvage value of $0.00 and a January 1 date of purchase for the year entered. Display a year-by-year description of the depreciation. See the diagram below.
Straight-line formula:
Cost – Salvage Value = Depreciation amount per year
Estimated life in years
Using the entries in the diagram below:
1000 – 0 = $250 per year to be depreciated
4
Double-declining formula:
Double the straight-line rate and multiple the result times the remaining balance for every year until the last year of…...

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