Investment In Machinery The organization invested in a machinery on 1st January 2018, which produces machine components. The initial investment cost of the machine tool is OMR 150,000. This machine can be used for a useful life 3 years and has a salvage value of 25,000. The maximum number of machine components that could be produced using the machine is 25,000 units. It is noted that this machine has a high productivity in the early years and the productivity reduced over a period. The machine produces 8000 units in 2018 and 7500 units in 2019. Mr. Hussein requested Mr. Hamed to use the most suitable depreciation policy based on the use of the asset as the company incurred a loss 2 years ago selecting the incorrect depreciation policy to evaluate the machinery. Mr.Hamed, has still not decided in the depreciation policy. Hence, he is planning to evaluate the different depreciation policies and select the most suitable depreciation policy for the organization Based on the above given scenario. Assume you are Mr. Hamed, You are required to prepare a report should a. Explain the need for preparing bank reconciliation statement with suitable examples from the given scenario. b. Preparation of the updated cash book and bank reconciliation statement e. Calculation of depreciation for the years 2018 and 2019 based on straight line method, reducing balance method, Activity based method and Sum of the years digit method. d. Advising the management, the most suitable depreciation policy with suitable justification. Your assignment should be structured as follows Title page Introduction . Content Mark Breakdown Task a - 3 Marks Task b - 7 Marks Task c - 7 Marks Task d - 3 Marks . Conclusion