Question: Beginner Python nothing advanced coding. Please make it short and simple Depreciation. For tax purposes an item may be depreciated over a period of several
Beginner Python nothing advanced coding. Please make it short and simple
Depreciation. For tax purposes an item may be depreciated over a period of several years, n
With the straightline method of depreciation, each year the item depreciates by n the of its original value.
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.
b Display a yearbyyear description of the depreciation.
Sample output:
Enter name of item purchased: computer
Enter year purchased:
Enter cost of item:
Enter estimated life of item in years:
Enter method of depreciation SL or DDB : DDB
Description: computer
Year of purchase:
Cost: $
Estimated life: mathrm years
Method of depreciation: doubledeclining balance
Expectations:
The program must do the calculations. Do not display the text value of answers.
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