(92) If Cost of an asset is OMR 30,000 and amount of depreciation calculated at the end of the Year is OMR 3.000 then which one of the following is the correct journal entry for recording the depreciation (1 Mark Depreciation expense debit OMR 3,000, Asset credit OMR 3,000 Depreciation expense debit OMR 3,000, Accumulated depreciation credit DMR 3,000 Depreciation expense debit OMR 2,000. Accumulated depreciation credit OMR 30,000 Depreciation expense debit OMR 3,000, Asset credit OMR 30,000