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66- Please I want solution of all sub-part questions. Thanks

66- Please I want solution of all sub-part questions. Thanks

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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66- Please I want solution of all sub-part questions. Thanks

B) On 1st of July 2018, Sohar Printing Company purchased a printing machinery that costs RO 25,000 with an estimated salvage value of RO 3,000. It is expected that the asset will be useful for 7 years. Assume that the company use straight line method for calculating depreciation, Calculate the depreciation expense for printing machinery during 2018 and 2019. C) On 1st of July 2015, a construction company in Oman purchased ready-mix concrete truck at a cost of RO 55,000. with an estimated salvage value of RO 5,000. It is expected that the asset will be useful for 8 years. Assume that the company use straight line method for calculating depreciation, Calculate the depreciation expense for printing machinery during 2015 and 2016. Also, calculate the book value of the asset at the end of 2016.
Transcribed Image Text:B) On 1st of July 2018, Sohar Printing Company purchased a printing machinery that costs RO 25,000 with an estimated salvage value of RO 3,000. It is expected that the asset will be useful for 7 years. Assume that the company use straight line method for calculating depreciation, Calculate the depreciation expense for printing machinery during 2018 and 2019. C) On 1st of July 2015, a construction company in Oman purchased ready-mix concrete truck at a cost of RO 55,000. with an estimated salvage value of RO 5,000. It is expected that the asset will be useful for 8 years. Assume that the company use straight line method for calculating depreciation, Calculate the depreciation expense for printing machinery during 2015 and 2016. Also, calculate the book value of the asset at the end of 2016.
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