Following information provided related to an Equipment: • Book value (beginning of the year) OMR 100,000 • Depreciation rate 45% Which of the following is the equipment's book value (end of the year) using written down value method? a. OMR 55,000 b. OMR 45,000 c. OMR 40,000 d. OMR 100,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Following information provided related to an
Equipment:
• Book value (beginning of the year)
OMR 100,000
• Depreciation rate
45%
Which of the following is the equipment's book
value (end of the year) using written down value
method?
a. OMR 55,000
b. OMR 45,000
c. OMR 40,000
d. OMR 100,000
Transcribed Image Text:Following information provided related to an Equipment: • Book value (beginning of the year) OMR 100,000 • Depreciation rate 45% Which of the following is the equipment's book value (end of the year) using written down value method? a. OMR 55,000 b. OMR 45,000 c. OMR 40,000 d. OMR 100,000
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