Question
A government unit became aware of an underground storage tank of a chemical plant was leaking chemicals into a river. Owing to the uncertainty of
A government unit became aware of an underground storage tank of a chemical plant was leaking chemicals into a river. Owing to the uncertainty of the pollution, engineers estimate that there was a 40% probability that pollution remediation cost would be OMR 250,000,35% probability of OMR 450,000 and25 % probability that150,000. Find the pollution remediation expense to be accounted in the fund.
a-OMR 157,500
b-OMR 850,000
c-OMR 295,000
d-None of them
2-Which one of the following assets are included in general fixed assets account group?
a-Building acquired by the government for managing the government
b-Freeways and flyovers built in the country
c-Children parks developed by government for public use
d-Streetlight systems installed by the government
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