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2. Alseeb Company purchased machinery on January 1, 2019, for OMR 70,000. The machinery is estimated to have a residual value of OMR6,000 after a

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2. Alseeb Company purchased machinery on January 1, 2019, for OMR 70,000. The machinery is estimated to have a residual value of OMR6,000 after a useful life of 9 years. (a). Compute 2019 depreciation expense using the straight- line method. (1.5 marks) (b). Compute 2019 depreciation expense using straight-line method, assuming the machinery was purchased on October 31. 2019. (2 marks)

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