ABC Company recorded in its Asset Section of the Balance Sheet a machine at OMR 5,000 purchased in 2015. The machine is fully depreciated and obsolete. Which of the following statements is true with regards to this given situation? O a. ABC should derecognize the machine because it is not a present economic resource controlled by the entity as a result of a past event b. ABC should recognize the machine because it is a present economic resource controlled by the entity as a result of a past event O c. None of these statements is true o d. ABC should recognize the machine because there is a present obligation to transfer an economic resource