Process equipment is purchased in a chemical industry in 2020 for OMR 14000 for an...
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Accounting
Process equipment is purchased in a chemical industry in 2020 for OMR 14000 for an expected service life of 10 years. Original salvage value was estimated to be OMR 7000 at the end of service life. Prepare a table showing the depreciation cost and book value for each year by using the following depreciation methods. a) Straight line method b) Declining balance method c) Double declining balance method d) Sum of the years digit method e) MACRS method using half year convection (Refer the fixed percentage factor table for applicable year from the textbook)
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