1- The company purchase a van for OMR 15,000 and depreciation charged is 10 %. Value of building at the beginning of the year is OMR 80,000 at the end of the year the fair value has decreased by 10 %. Company has an equipment with book value OMR 28,000 was exchange for a new equipment of OMR 35,000

At what value the total asset will be recognized at the end of the year in the financial statements?

2-The company has made a sales of OMR 10,000 out of which 30 % is cash sales. The company estimated the bad debts at 5 %. If it noticed that the company as estimated bad debts as lower rate compared to the previous years.

At which value the debtors will be recognized in the balance sheet?

3- On 1^st January 2010, the company purchase a machine for OMR 5,000 on cash. After using for 5 years the company sold the machine at a loss of OMR 200. Depreciation is charged at 15 % on straight line method.

As per the treatment requirement under the conceptual framework, identify the value at which cash will be recognized in the balance sheet on the date of de-recognition?