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Assume that ABC Shoes Company is the famous company in Oman and selling its products nationally and intemationally. They purchased a Machine for OMR 25000

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Assume that ABC Shoes Company is the famous company in Oman and selling its products nationally and intemationally. They purchased a Machine for OMR 25000 and expected salvage value of the machine is OMR 5000. Total units of production expected during the life of the machine 40000 units. Calculate the depreciation per unit by using Units-of-Production Method. a. None of the given options b. OMR 0.25 per unit COMR 0.50 per unit d. OMR 0.75 per unit (hp Assume that on 10th January 2021 Mr Moosa purchased raw materials from Mr Ahmed on credit and paid cash to him on 10th March 2021. Identify the journal entry for cash payments. D a. Debit purchases A/C and Credit cash account eb. Debit accounts payables A/C and Credit Cash A/C oc None of the given options d. Debit Cash A/C and Credit accounts payables A/C Next page hp

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