(93) of useful ife of an asset is 5 years and starting book value is OMR 20,000 then calculate the amount of depreciation under double declining balance method? (1 Mak) (QA new equipment acquired for CM 20,000 in exchange the company pays OMR 000 cash and trades in old equipment. The old equipment originally cost OMR 22,000 and has accumulated depreciation of OMR 6,000. What will be the amount of gain or loss on the equipment No profit no loss None of these Prut OMR 4,000 Lass OMR 4,000 Mark