When a business buys an asset such as a computer or cell phone, it depreciates or loses its value over time. In this program, you will calculate the depreciation of an asset. Note: accountants have many different ways to calculate depreciation. This is not one of them! Your program will ask for: 

The original purchase price of the asset. 

The salvage price—how much you will get when you sell the asset after it is of no further use. 

The depreciation rate—the percentage by which the asset's value goes down every year. 

The program will then print a table of the asset's current value until its value drops to or below the salvage price. It will then show the final value of the asset. For example, let's say you purchase a computer for $1000 and will sell it for salvage for $100, and the depreciation rate is 20%. At the end of the first year,it will have lost $200 of value: $1000 × 0.20, so its value is now $800. At the end of the second year, it will lose $800 × 0.20, or $160 dollars of value, and the asset will now be worth $640, and so on.

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Heres a Python program that calculates the depreciation of an asset based on the information provide... View the full answer