1. A manufacturer sold a product to wholesaler at 1000 R.O. and charged 10 % VAT. Wholesaler sold it to retailer for 1500 R.O and charged the VAT at the same rate. Find the Input Tax, Output Tax and Tax payable to Government by each one of them. (2.5 Marks) 2. A company has fixed a payment method as follows: (2 Marks) Units 0-100 R.O.2 per unit 100 - 150 R.O.3 per unit Above 150 R.O. 5 Per unit If someone produced 200 Units, find out his wages. 3. A company bought a machine for R.O. 5000. The Company charge depreciation @ 10% per year by Written down value method. Prepare a depreciation schedule for 3 years showing book value, depreciation and Written down value at the end of each year. (2 Marks) 4. An invoice of RO500 with the terms 2/10,n/30 ROG is dated on June 10. The goods are received on June 18. The bill is paid on June 25. Calculate the amount paid. (2 Marks) 5. Habib company pays Ahmed OMR 1,000 monthly salary plus a 6% commission for sales over OMR 3,000. Ahmed's net sales for January were OMR15,000. Calculate the Gross Pay? (2 Marks) 6. On 1" of September 2013. Zubair Company purchased a photo choppier that costs RO 13,000 with an estimated scrap value of RO 2,500. It is expected that the asset will be useful for 4 years. The company use straight line method for calculating depreciation, Calculate the depreciation expense for photo choppier during 2013 and 2014. Also, calculate the book value of the asset at the end of 2013. (2 Marks) 7. A machinery is bought for RO 25,000 with an estimated useful life of 5 years. The expected scrap value at the end of its useful life is RO 4000. Calculate the WDV Rates and prepare a Depreciation Schedule for 5 years. (2.5 Marks)