On January 01, 2019, the Al Wadi Company purchased machinery for OR 45,000. The estimated...
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On January 01, 2019, the Al Wadi Company purchased machinery for OR 45,000. The estimated useful life of the machinery is 8 years and the estimated residual value is OR 5,000. Al Afiya's financial year ends on December 31. The machine is expected to produce 120,000 units during its life. Using the double-declining balance method, depreciation for 2019, and the book value on December 31, 2019 would be Round all computations to the nearest Riyal Select one a. 10,000 and 30,000 O b. 11,250 and 33,750 O c. 10,000 and 35,000. O d. 11,250 and 28,750
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