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An asset was bought for OMR . 1 2 , 0 0 0 . Its accumulated depreciation is OMR . 7 , 7 0 0

 An asset was bought for OMR.12,000. Its accumulated depreciation is OMR.7,700 and the rate of depreciation is 20%. What is the amount of depreciation charge for the current accounting period using reducing balance method?A) OMR.1540B) OMR.940C) OMR. 2400D) OMR.860

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