Reference no: EM13699565

Depreciation to a Salvage Value of 0. For tax purposes an item may be depreciated over aperiod of several years, n. With the straight-line method of depreciation, each year the item depreciates by 1/nth of its original value. With the double-declining-balance method of depreciation, each year the item depreciates by 2/nths of its value at the beginning of that year. (In the last year, it is depreciated by its value at the beginning of the year.) Write a program that performs the following tasks:

(a) Requests 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 one of two buttons.

(b) Display a year-by-year depreciation schedule for the item similar to the schedule shown below.

GUI SCREEN:

• Create GUI screen interface that accepts input and shows output.
• Resize the GUI screen & the list box to best fit the output displayed (ie: no scroll bars).
• Title the form as "YourLastName'sDepreciation to a Salvage Value of 0".
• Use descriptive controls names (ie: lblCost, txtYears, lstDepreciation).
• Use a text box to input data.
• Use a list box to output the results.
• Use Courier New font to help with the output alignment.

PROGRAM
• Rename the VB form as "frmDepreciation.vb" in the Solution Explorer.
• Use descriptive variables names.
• Add in additional comments throughout to help in explanation purpose of the program.
• Add and modifly the following program comments under the Public Class and before first sub.