intermediate accounting 1///

Another solution is required, better and briefly if possible..

There are 3 questions in a photo

Use the following information for the questions 3, 4 & 5 On 19 January 2015 Feroze LLC Company started a business of selling and buying Car Parts at Muscat. The company has brought few assets while starting the business namely cash balance RO 37,290, Bank balance RO 22,800, short term investments RO 37,500. The company was running successfully the Car parts business and started earning good profits and the company gradually improved their business during the first few months also purchased a machinery 1"December 2015 RO 95,700 and installation 12,500 and life of the machine is 5 years with scrap value of RO 20,000. The company has brought additional capital of RO 185,000 in addition to the regular profits and purchased a building for RO 167,500 on 1" August 2015 and a loan also borrowed from the Bank Muscat by showing the past months profits on October 2015 of RO 105,000 at 6% interest payable every year. The company with the positive progress in the car parts business they also started a new branch at Ruwi with a capital of RO 95,000. The company had bought one Equipment 1"October 2016 in another branch for RO 76,250 with the installation value of RO 12,250 which has estimated life of 5 years with the estimated scrap value of The Company of 18,000 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. Mohammed 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 Q3. Equipment for Five years under reducing balance method or written down value Method (5 Marks) Q4. Machinery for five years under Straight Line Method (5 Marks) Q5. Building for five years under straight line method