Bahwan Group purchased a machine for OMR 200,000, on July 1, 2015 The Company expects the...

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Bahwan Group purchased a machine for OMR 200,000, on July 1, 2015 The Company expects the service life of the machine to be 5 years. During that time, it is expected that the machine's useful life will be 40,000 hours. The anticipated salvage value is OMR 10,000. The machine is disposed of after five years of use. Calculate the book value of machine as on 31- 12-2017? Use straight-line depreciation method. The accounting year-end is December 31 of each year: O a. OMR 181,000 Ob. OMR 143,000 O c. OMR 105,000 Od. OMR 191,000 Bahwan Group purchased a machine for OMR 200,000, on July 1, 2015 The Company expects the service life of the machine to be 5 years. During that time, it is expected that the machine's useful life will be 40,000 hours. The anticipated salvage value is OMR 10,000. The machine is disposed of after five years of use. Calculate the book value of machine as on 31- 12-2017? Use straight-line depreciation method. The accounting year-end is December 31 of each year: O a. OMR 181,000 Ob. OMR 143,000 O c. OMR 105,000 Od. OMR 191,000

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Answer is Option c OMR 105000 Purchase Value OMR 200000 July 1 2015 Date of Purchase Life ... View the full answer