CASE 4 In 2006, Al Maha Ceramics SAOG was founded with a vision to provide quality ceramic tiles and world-class designs expressed in each single tile. Each tile is a masterpiece, as the company promises. Mr. Wahab is newly joined as the Production manager of the company. The company asked him to recommend a depreciation method that will be used in measuring and reporting all fixed assets of the company. In consultation with accounts manager he came up with the following proposed methods for the approval of the management; a. Straight Line Method b. Written Down Value Method. Question No-4 i) The company bought a machine for OMR 108,000 on 19 August, 2019. The machine is expected to be useful for 12 years and has an estimated salvage value of OMR 8,200. Calculate the amount of depreciation, value of accumulated depreciation and book value of the machine for 3 years as required in the following table. (4 Marks) Depreciation Expense Accumulated Depreciation Book Value Year 2019 2020 2021 ii) If the company uses written down value method at 7.5% depreciation per annum, fill the required information sought in the below table (4Marks) Book Value Depreciation Written down Value Year 2019 2020 2021 iii) Compare the depreciation expense in both methods. Why is depreciation expense different in the methods mentioned above? Explain the answer. (2 marks) Page 617