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Depreciation Methods (10 Marks) As the accountant of a manufacturing company, you have been asked to recommend a depreciation method that will be used in

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Depreciation Methods (10 Marks) As the accountant of a manufacturing company, you have been asked to recommend a depreciation method that will be used in measuring and reporting all fixed assets of the company. With your vast knowledge in accounting principles and in compliances with generally accepted accounting standards, you came up with the following proposed methods for the approval of the management; Methods I: Straight Line Method Method II: Written Down Value Method at 10% The company bought a machine for OMR 650,000 on July 1, 2019. The machine is expected to be useful for 6 years and has an estimated salvage value of OMR2,000. Q: Which method will you recommend to management? Why? How does the two method differ

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