(Solved) : Financial Officer Rgit Wants Develop Application Evaluate Company S Asset S Annual Depreci Q37191733 . . .
The Financial officer at RGIT wants you to develop anapplication that will evaluate the company’s asset’s annualdepreciation using the double-declining balance and sum-of-theyears’ digit method. The Financial officer will enter the asset’scost, useful life (in years), and salvage value (which is the valueof the asset at the end of its useful life). The sample of theapplication can be seen in Figure 2. The interface provides textboxes for entering the asset cost and salvage value. It alsoprovides a list box for selecting the useful life, which rangesfrom 3 to 20 years. The depreciation amounts are displayed in thelist boxes. (You can use the DDB and SYD functions in MicrosoftExcel to verify the amounts shown in Figure 2 are correct). Createa windows form application using the name RGIT annual assetdepreciation App. You can use the visual basic’sFinancial.DDBmethod to calculate the double-declining balance depreciation anduse its Financial.SYD method to calculate the sum-of-the-years’digit depreciation. The Financial.DDB method syntax isFinancial.DDB (cost, salvage, life, period). The Financial.SYDmethod syntax is Financial.SYD (cost, salvage, life, period). Inboth syntaxes, the cost, salvage and life argumentsare the asset’scost, salvage value and useful life respectively. The periodargument is the period for which you want the depreciation amountcalculated. Both methods return the depreciation amount as doublenumber. Code the application, save the solution and run theapplication
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