A machine was bought for OMR 360,000 on 30th April 2017 by Moosa Company and estimates life is 5 years with the salvage value of OMR 10,000. By using straight line method find out the following:

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Chapter1: Financial Statements And Business Decisions
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9- A machine was bought for OMR 360,000 on 30th April 2017 by Moosa
Company and estimates life is 5 years with the salvage value of OMR
10,000. By using straight line method find out the following:
Year Beginning
Book Value
End of the year
Depreciation
Expense
Year
Book Value
2017
2018
2019
2020
2021
Transcribed Image Text:9- A machine was bought for OMR 360,000 on 30th April 2017 by Moosa Company and estimates life is 5 years with the salvage value of OMR 10,000. By using straight line method find out the following: Year Beginning Book Value End of the year Depreciation Expense Year Book Value 2017 2018 2019 2020 2021
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