Question
ABC Company purchased a machinery on 1 st January, 2015 for a sum of OMR 180,000. The retail price index on that date stood at
ABC Company purchased a machinery on 1st January, 2015 for a sum of OMR 180,000. The retail price index on that date stood at 180. You are required to restate the value of machinery according to CPP Method on 31st December,2020 when the price index stood at 270. What would be the conversion factor?
a-1.25
b-1.33
c-1.5
d-1.67
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
