Question: This is for Visual Studio: For tax purpose an item may be depreciated over a period of several years N. With the double-declining balance method
This is for Visual Studio: For tax purpose an item may be depreciated over a period of several years N. With the double-declining balance method of depreciation, each year the depreciation is calculated using this formula: depreciation=(its value at the beginning of that year) * 2/N. In the last year it is depreciated by its value at the beginning of the last year. Create a form with a textbox to enter property value and a textbox to enter property life and a DataGridView control to show the propertys depreciation schedule when the button is clicked. Test your program with property value = 2000 and life = 5.
Double Declining Depreciation table Property Value 2000 Property life 5 Table Value at Depreciation Total Begning of During Year Year Year to End of Year $2,000.00 $800.00 S80000 $1,200.00 $1.280.00 $480.00 3 $288.00 $720.00 $1,568.00 s172 800 $432.00 $1.740.80 5 $259.20 $259.20 $2,000.00
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