On 1^st July 2008, Sun Lights International purchased an equipment for OMR 135,000 and paid OMR 1,500 as installation charges. On 30^th June 2012 the equipment was sold and a new equipment was purchase for OMR 156,000. The depreciation is charge as straight line method at the rate of 7.5 % on 31^st December every year.

As per the treatment requirement under the conceptual framework, identify the value of the new machine on the date of recognition?

a) None of these

b) OMR 156,000

c) OMR 136,500

d) OMR 85,312

Find the de recognition date of the old machine?

a) 31st December 2008

b) 1st July 2008

c) None of these

d) 30th June 2012