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A. General Furniture has shown the value of fixed assets including the furniture used in business at OMR 180,000. They used a method of depreciation
A. General Furniture has shown the value of fixed assets including the furniture used in business at OMR 180,000. They used a method of depreciation that is inappropriate for a class of assets held by the business for use in business. The valuation, according the method selected, was accurate. Except for this, the auditor did not find any material misstatement.
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