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All Company purchased a computer for OMR 4,500 on December 1. It is estimated that annual depreciation on the computer will be OMR 900. If
All Company purchased a computer for OMR 4,500 on December 1. It is estimated that annual depreciation on the computer will be OMR 900. If financial statements are to be prepared on December 31,Which entry the company should make? a. Debit Depreciation Expense, OMR 900; Credit Accumulated Depreciation, OMR 900. b. Debit Depreciation Expense, OMR 75; Credit Accumulated Depreciation, OMR 75. c. Debit Office Equipment, OMR 4,500; Credit Accumulated Depreciation, OMR 4,500. d. Debit Depreciation Expense, OMR 3,600, Credit Accumulated Depreciation, OMR 3,600
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