44 Not yet answered Marked out of 1.00 Flag question If useful life of an asset is 10 years then what will be the straight line depreciation rate under double declining balance method? (1 Mark) 10% 0.1% 5% 1,000% Question 21 Not yet answered Marked out of 1.00 Flag question If total cost is OMR 10,000, Total market value is OMR 10,600 and LCM on item by item basis is OMR 9,500 then adjustment to inventory is: OMR 1,100 None of these OMR 600 (1 Mark) OMR 500