2. Answer both A and B questions. A. What are the differences between the Straight-Line Depreciation and Written Down Value Method? (Minimum of three sentences). B. A company has purchased a new machine on 1 July 2019 for OMR 24,000. The machine has a life of 5 years with a salvage value of OMR 4,000. Assuming that the company calculates the depreciation for each year on 31 December, Calculate the following a. The depreciation expense for the years 2019 and 2020. b. Accumulated depreciation as on 31 December 2020. c. Book Value of the machine as on 31 December 2020. d. Calculate the rate of depreciation using written- down-value method. Answers