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34 Not Mart out of 100 Dolo Lc provides following information Consider the following information about a newly purchased Property plant and equipment Purchase price
34 Not Mart out of 100 Dolo Lc provides following information Consider the following information about a newly purchased Property plant and equipment Purchase price of the equipments OMR 750.000 and the residual value of the equipment is OMR 50,000. The useful life of the equipment is 10 years with a total production capacity of 5 million units, the depreciation rate applicable for the equipment under straight line method is 15% The production details by using the equipment are given below. Production during the year 1 and 2 = 50,000 units each year Production during the year 3 and 4 150.000 units each year Production during the year 5 and 6 - 125000 units each year What is the accumulated depreciation at the end of 5 years based on production units method? OMR 350,000 OMR 73,500 OMR 70,000 None of them
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