I need it urgent please to solve it "Measurement is the process of determining the monetary amounts at which the elements ofthe financial statements are to be recognized." A. Identify and explain the four possible measurement bases? (4 marks) B.XL Co.owns a machine purchased a machine 4 years ago for OMR 80,000. The accumulated depreciation on the machine to date is OMR 32,000. Depreciation rate is 10% per annum straight line method. XL Co. can sellthe machine topnother manufacturer for OMR 50,000. In order to make the sale, XL Co. must incura transportation cost of OMR 2000. If XL Co. replaces the machine with a new version, it would cost OMR120,000. The cash flows from existing machine are estimated to be OMR 25,000 for the first two years and OMR 20,000 for the remaining 4 years of the machine's life. The discountrate at 10% is: - Year-10.909, Year-2 0.826, Years-3 to 6 inclusive 2.619 (annuity rate) Calculate the value of machine under the four methods identified in Qa