A building is costing OMR 300,000 out of which OMR 100,000 is towards cost of land and remaining for building. In addition, it need to spend OMR 50,000 towards renovation of the building. The building is expected to have a useful life of 25 years. It requires to spend OMR 15,000 for the annual repairs, OMR 5,000 towards property tax and 10% of the building cost towards insurance. The opportunity cost of the amount used to purchase the building is expected to be 12%. Alternatively, we can lease the building with an annual rent of OMR 50,000 and incur cost of property taxes, insurance, and annual repairs. Evaluate the value of depreciation on the cost of the building with above information. Select one: A. None of the given options OB. OMR 14,000 OC. OMR 10,000 O D. OMR 8,000