If the cost of the truck is OMR 30,000 and the annual depreciation expense OMR 2,000. How much will be the book value of the truck at the year end? a. OMR 32,000 b. OMR 30,000 C. OMR 2,000 d. OMR 28,000

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...
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If the cost of the truck is OMR 30,000 and the
annual depreciation expense OMR 2,000. How
much will be the book value of the truck at the
year end?
a. OMR 32,000
b. OMR 30,000
c. OMR 2,000
d. OMR 28,000
Transcribed Image Text:If the cost of the truck is OMR 30,000 and the annual depreciation expense OMR 2,000. How much will be the book value of the truck at the year end? a. OMR 32,000 b. OMR 30,000 c. OMR 2,000 d. OMR 28,000
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