ABC Co purchases a Bus at a price of OMR 25,000 and incurred other expenditures such as non-refundable taxes OMR 2,500, painting of Truck OMR 1,500, motor vehicle license OMR 100, and a three-year accident insurance policy OMR 2,000. What is the cost of the bus to be capitalised? O a. OMR 29,000. O b. OMR 25,000. OCOMR 22.500. Od. OMR 31,100.

ABC Co purchases a Bus at a price of OMR 25,000 and incurred other expenditures such as non-refundable taxes OMR 2,500, painting of Truck OMR 1,500, motor vehicle license OMR 100, and a three-year accident insurance policy OMR 2,000. What is the cost of the bus to be capitalised? O a. OMR 29,000. O b. OMR 25,000. OCOMR 22.500. Od. OMR 31,100.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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