Depreciation For tax purposes an item may be depreciated over a period of several ye...

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/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 performs 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. The method of depreciation should be chosen by clicking on one of two buttons.

(b) Display a year-by-year description of the depreciation. See Fig. 6.67.