Earnst and Young company purchased a machine on 1^st January 2015 for RO 20,000 and the rate of the depreciation is 15%.p.a under straight-line method. Replacement cost of the machine on 31^st December 2017 was RO 23,000 and on 31^st December 2018 was RO 25,000.

The value of trade receivables at the beginning amounted to RO 100,000 and the value of trade receivables at the end amounted to RO 115,000 and the value of trade payables at the beginning amounted to RO 50,000 and the value of trade payables at the end amounted to RO 60,000. You are required to calculate the total depreciation adjustment for 2018.The index at the beginning is 100, closing index is 132 and the average index is 120

The value of Monetary working capital adjustment is

a.

RO 10,500

b.

None of the options are right

c.

RO 15000

d.

RO 20000

The value of opening monetary working capital is

a.

RO 100,000

b.

RO 30,000

c.

RO 50,000

d.

RO 55000

The total depreciation adjustment for Earnst and Young company is

a.

RO 5500

b.

All the options are incorrect

c.

RO 3000

d.

RO 2200

From the following, identify the assets that are fairly liquid in nature and are used for funding working capital requirements of a company.

a.

Monetary assets

b.

Both monetary and non-monetary assets

c.

Non-monetary assets

d.

Neither monetary assets nor non-monetary assets.