If the replacement cost of the machine on 31st December 2019 was OMR 70,000 and on 31st December 2020 was OMR 100,000, then how much will be the amount of depreciation under CCA at 20% rate of depreciation on 31st December 2020. a. OMR 10,000 b. OMR 3,000 c. OMR 14,000 d. OMR 17,000
If the replacement cost of the machine on 31st December 2019 was OMR 70,000 and on 31st December 2020 was OMR 100,000, then how much will be the amount of depreciation under CCA at 20% rate of depreciation on 31st December 2020. a. OMR 10,000 b. OMR 3,000 c. OMR 14,000 d. OMR 17,000
If the replacement cost of the machine on 31st December 2019 was OMR 70,000 and on 31st December 2020 was OMR 100,000, then how much will be the amount of depreciation under CCA at 20% rate of depreciation on 31st December 2020. a. OMR 10,000 b. OMR 3,000 c. OMR 14,000 d. OMR 17,000
If the replacement cost of the machine on 31st December 2019 was OMR 70,000 and on 31st December 2020 was OMR 100,000, then how much will be the amount of depreciation under CCA at 20% rate of depreciation on 31st December 2020.
a.
OMR 10,000
b.
OMR 3,000
c.
OMR 14,000
d.
OMR 17,000
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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