6. A) Write short note with one word or one sentence for the following Depreciation, Capital Assets, Straight-line depreciation, Sum of the Year's Digits, Fixed Declining Balance, General Declining Balance, Variable-Declining Balance, Book Value, Written down value method, A company purchased a machinery that costs RO 100,000 with an estimated salvage value of RO 25,000. It is expected that the asset will be useful for 5 years. Assume that the company use straight line method for calculating depreciation, Calculate annual depreciation of the machinery.
6. A) Write short note with one word or one sentence for the following Depreciation, Capital Assets, Straight-line depreciation, Sum of the Year's Digits, Fixed Declining Balance, General Declining Balance, Variable-Declining Balance, Book Value, Written down value method, A company purchased a machinery that costs RO 100,000 with an estimated salvage value of RO 25,000. It is expected that the asset will be useful for 5 years. Assume that the company use straight line method for calculating depreciation, Calculate annual depreciation of the machinery.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6- Please I want solution of all sub-part questions. Thanks
Transcribed Image Text:6. A) Write short note with one word or one sentence for the following Depreciation,
Capital Assets, Straight-line depreciation, Sum of the Year's Digits, Fixed Declining
Balance, General Declining Balance, Variable-Declining Balance, Book Value, Written
down value method, A company purchased a machinery that costs RO 100,000 with an
estimated salvage value of RO 25,000. It is expected that the asset will be useful for 5
years. Assume that the company use straight line method for calculating depreciation,
Calculate annual depreciation of the machinery.
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