[Solved]Electronic Equipment Computers Loses Value Time Amount Lost Value Called Depreciation Simp Q37213444
Each electronic equipment such as computers, loses value overtime. The amount of this lost value is called depreciation. Thesimplest way to determine depreciation is as follows; If the assethas a useful life of n years, the straight-line method ofdepreciation assumes a depreciation of 1/n of the item’s valueeach year. Assume that a particular $3000 computer has a usefullife of five years. At the end of the five years, assume that ithas a scrap value of $500. Thus, the net cost of the computer is3000 – 500 = $2500, the computer depreciates $500 (= 2500 X 1/5)each of the five year so fits useful life. After two years, thecomputer depreciates $1000. Thus, the book value of the computerafter two years (the difference between the cost of the item andthe depreciation to date) is $2000 (= 3000 – 1000).
Write a program thatcalculates the depreciation of an asset using the straight-linemethod. The program should ask the user for the initial cost of theitem, the scrap value of the item, and the item’s useful life inyears. Use a function Depreciation () that calculates and displaysthe book value of the item after each year of its useful life. Thefunction should have three arguments: the initial cost, the scrapvalue, and the life of the item. The function should not return avalue.
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