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In the middle of the vear * Purchase an additional office equipencat amounted to 4.5 Million Saudi Riyal Made an investment of 5 Million Saudi
In the middle of the vear * Purchase an additional office equipencat amounted to 4.5 Million Saudi Riyal Made an investment of 5 Million Saudi Riyal. Sales revenue of SR 16 million during the year. The operating expenses of SR7 milliot paid during the year. At the end of the vear Received cash dividend amounted to 150,000 Saudh Riyal. Additional information * The factory, comprising 90% of the original purchase price (balance attributed to land). An estimated useful life of 25 years and is depreciated using the straight-line method. * The machinery and office cquiptnent ate depreciated using the straight-line method and having a ureful life of 15 years. Consumer price Index EndoftheyearInitiallevelAverageduringtheyear.330275300 REQUIRED 1. Restate the Income Statement 2. Prepare a monetary gain or loss schedule for Abdullah \& Sons Corporation as at 31 December 2019 by using historical cost constant value model. (Must write factor applied for adjustments) In the middle of the vear * Purchase an additional office equipencat amounted to 4.5 Million Saudi Riyal Made an investment of 5 Million Saudi Riyal. Sales revenue of SR 16 million during the year. The operating expenses of SR7 milliot paid during the year. At the end of the vear Received cash dividend amounted to 150,000 Saudh Riyal. Additional information * The factory, comprising 90% of the original purchase price (balance attributed to land). An estimated useful life of 25 years and is depreciated using the straight-line method. * The machinery and office cquiptnent ate depreciated using the straight-line method and having a ureful life of 15 years. Consumer price Index EndoftheyearInitiallevelAverageduringtheyear.330275300 REQUIRED 1. Restate the Income Statement 2. Prepare a monetary gain or loss schedule for Abdullah \& Sons Corporation as at 31 December 2019 by using historical cost constant value model. (Must write factor applied for adjustments)
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