intermediate accounting 1 / Another question with different numbers

Use the following information for the questions 4.5 & 6 On 1" January 2015 Khalid LLC Company started a business of selling and buying Cement products for constructing buildings around Muscat. The company has brought few assets while starting the business namely cash balance RO 25000, Bank balance RO 12500, short term investments RO 12500. The company was running successfully the cement products business and started earning good profits and the company gradually improved their business during the first four months also purchased a Vehicles 1"May 2015 RO 67500 and installation 12500 and life of the Vehicles is 5 years with scrap value of RO 20000. The company has brought additional capital of RO 90000 in addition to the regular profits and purchased a building for RO 95000 on 1 June 2015 and a loan also borrowed from the Bank Muscat by showing the past months profits on October 2015 of RO 55000 at 6% interest payable every year. The company with the positive progress in the cement products business they also started a new branch at Mawellah with a capital of RO 125000. The company had bought one Machinery on 1 September 2016 in another branch for RO 32750 with the installation value of RO 12250 which has estimated life of 4 years with the estimated scrap value of The Company of 3000 and the machinery is depreciated at 20% per annum on reducing balance method/written down value method. The Company closes it books of account every year on 31" December and Mr. Ahmed a new accountant has been appointed in the company who is a fresh Bachelor Graduate in accounting with high GPA but he wants your expertise knowledge to understand the concept of the depreciation and You are required to prepare depreciation schedule for the following non-current assets showing all the working notes Q4. Vehicles for five years under Straight Line Method (5 Marks) Q5. Building for five years under straight line method (5 Marks) Q6. Machinery for Four years under reducing balance method or written down value Method