From the following situation find the amount of closing inventory. The inventory at 31st December 2020 is OMR 130,325. This includes OMR 1325 for items accidentally destroyed on 12th January 2020 and OMR 900 which relates to the cost of damaged inventory which can be altered at a cost of OMR 250 and which can then be sold for OMR 790. . OMR 129,140 OMR 128,640 OMR 132,190 None of them Turbo LLC has made an exchange of assets with Autojet LLC. Turbo LLC received equipment with model no: 5M892020 and in return it gave off an equipment with model number: 45P2019 if the acquired asset cannot be valued, as an IAS student how would you show accounting treatment the asset acquired? 1. The residual value is used II. The cost of the asset given up is used III. The asset cannot be capitalized IV. The difference amount of both assets is used I or IV only Il only ill only Il or IV only