4. A machine is bought for OMR 15,000 which is expected to be useful for 4 years. The company also expects that at the end of its useful life, the machine can be sold for OMR 3,000. Calculate the Book Value at the end of 1st year. A. OMR 3,000 B. OMR 15,000 C. OMR 12,000 D. OMR 3,750
4. A machine is bought for OMR 15,000 which is expected to be useful for 4 years. The company also expects that at the end of its useful life, the machine can be sold for OMR 3,000. Calculate the Book Value at the end of 1st year. A. OMR 3,000 B. OMR 15,000 C. OMR 12,000 D. OMR 3,750
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![4. A machine is bought for OMR 15,000 which is expected
to be useful for 4 years. The company also expects that at
the end of its useful life, the machine can be sold for
OMR 3,000. Calculate the Book Value at the end of 1st
year.
A. OMR 3,000
B. OMR 15,000
C. OMR 12,000
D. OMR 3,750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb4d1a5a2-8976-4d52-af59-f64c771895e2%2Fdcb985f4-3e02-4535-a88f-7539db53c81c%2Fsz3rsdm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. A machine is bought for OMR 15,000 which is expected
to be useful for 4 years. The company also expects that at
the end of its useful life, the machine can be sold for
OMR 3,000. Calculate the Book Value at the end of 1st
year.
A. OMR 3,000
B. OMR 15,000
C. OMR 12,000
D. OMR 3,750
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