CASE 5 Assarain Concrete Products & Trading, LLC, popularly known as ACP, is one of the largest concrete products manufacturing companies in the Sultanate of Oman. ACP was formed in 1984, and since then, throughout the three decades, the company has catered for many Oman projects by supplying quality products for the overall project exaggeration. Mr. Abrahim 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-5 1) The company bought a machine for OMR 98,000 on 15 April, 2020. The machine is expected to be useful for 9 years and has an estimated salvage value of OMR 7,500. 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 2020 2021 2022 ii) If the company uses written down value method at 11% depreciation per annum, fill the required information sought in the below table. (4 Marks) Book Value Depreciation Written down Value Year 2020 2021 2022 iii) From the above two methods of depreciation, in which method, depreciation expense is more? Suggest the best method to the company. Justify your answer. (2 Marks)