5))Hello brother, please help me. Answer all the questions. I do not have many chance. I will not forget your favor. Please write question number and answer code.
intermediate Accounting1
Time left 2:56:56 Question 21 Not yet answered Marked out of 1 P Flag question FTB Company purchased a machine on September 30, 2019 for OMR 8,000 cash. The estimated life of the machine is 4 years and residual value is estimated at OMR 200. FTB uses Straight Line method of depreciation. How much is the net book value of the machine on December 31, 2021? a. OMR 4,387.50 O b. None of these O c. OMR 3,612.50 O d. OMR 2,637.50 Time left 2:56:53 Question 22 Not yet answered Marked out of 1 P Flag question In 2020, XYZ Company reported gross profit of OMR 30,000 and cost of sales rate of 60%. One fifth of the total sales is cash sales and the balance on credit. XYZ estimated that 10% of credit sales will not be collectible. Accounts receivable balance at year end amounted to OMR 8,000. How much is the net realizable value of Accounts Receivable to be reported on December 31, 2020? O a OMR 3,000 ob. OMR 6,000 O c. None of these O d. OMR 2,000 Question 23 Not yet answered Marked out of 1 P Flag question Which of the following is not included in the cost of Property, Plant and Equipment (PPE)? O a. Assembling O b. Repairs O c. Installing O d. Freight Question 24 Not yet answered Marked out of 1 Flag question XYZ Company reported in 2020 net purchases of OMR 25,000 and freight in of OMR 1,000 and freight out of OMR 500. Beginning inventory is OMR 10,000 and the ending inventory is OMR 15,000. Gross Profit rate is 20%. How much is the total sales? O a. 40,000 O b. None of these O c. 20,000 O d. 30,000 Time left 2:56:46 Question 25 Not yet answered Marked out of 1 P Flag question FBG Company reported Accounts Receivable balance of OMR 25,000 and Allowance for Doubtful Accounts balance of OMR 1100 on December 31, 2020 before adjustment. FGB made an Aging of its accounts with the following categories: Less than 10 days, OMR 15,000 at 5%; 11 to 25 days, OMR 8,000 at 10% and the balance is more than 26 days at 15% higher than the latter. How much is the bad debts expense to be recorded on December 31, 2020? a. OMR 950 o b. None of these c. OMR 1,850 O d. OMR 750
