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 straight-line method of depreciation, each year the item depreciates by \((1/ n)\) 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 year-by-year description of the depreciation.
Sample output:
```
Enter name of item purchased: computer
Enter year purchased: 2012
Enter cost of item: 2000
Enter estimated life of item (in years): {
Enter method of depreciation (SL or DDB) : \DDB
Description: computer
Year of purchase: 2012
Cost: $2,000.00
Estimated life: }5\mathrm{ years
Method of depreciation: double-declining balance
```
Expectations:
- The program must do the calculations. Do not display the text value of answers.
Beginner Python nothing advanced coding. Please

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