Muscat LLC purchased a machine on 1^st January,2019 for OMR 250,000. The rate of depreciation is 20% p.a. under straight line method. Replacement Cost of the machine on 31^st December,2019 was OMR 350,000 and on 31^st December, 2020 was OMR 500,000. The company wishes to follow Current Cost Accounting rather than the Historical Cost Accounting.

1- What is the amount of Depreciation Adjustment?

a-OMR 50,000

b-OMR 70,000

c-OMR 35,000

d-OMR 17,500

2-What is the amount of Additional Depreciation?

a-OMR 30,000

b-OMR 7,500

c-OMR 5,000

d-OMR 15,000

3- What is the amount of Back Log Depreciation?

a-OMR 60,000

b-OMR 15,000

c-OMR 30,000

d-OMR 50,000