Oman Air purchased aeroplane for OMR 200,000, on July 1, 2015. The company expects the service...

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Oman Air purchased aeroplane for OMR 200,000, on July 1, 2015. The company expects the service life of the airplane to be s expected that the aeroplane's useful life will be 40,000 hours. The anticipated salvage value is OMR 10,000. The aeroplane is disposed of after five years of use. Calculate the book value of aeroplane as on 31-12-2017? Use declining-balance depreciation method of charging depreciation at 30%. The accounting year-end is December 31 of each year: a. OMR 119,000 b. OMR 83,300 c. OMR 170,000 d. OMR 180,300 Oman Air purchased aeroplane for OMR 200,000, on July 1, 2015. The company expects the service life of the airplane to be s expected that the aeroplane's useful life will be 40,000 hours. The anticipated salvage value is OMR 10,000. The aeroplane is disposed of after five years of use. Calculate the book value of aeroplane as on 31-12-2017? Use declining-balance depreciation method of charging depreciation at 30%. The accounting year-end is December 31 of each year: a. OMR 119,000 b. OMR 83,300 c. OMR 170,000 d. OMR 180,300

Answer rating: 100% (QA)

Ansb OMR 83300 1st OMR CO July 2015 Purchase 200000 L Depreciation 200 500... View the full answer