On 1st January 2014 Aisha & Company purchased a Motor vehicle for RO 60,000, with an estimated life of 4 years and estimated residual value of RO 12,000. The company decided to use straight-line method of depreciation. For the information given you are required to calculate the following:

1. The depreciable cost of the Motor vehicle:

RO 60,000

2. The depreciation rate charged:

3. The annual depreciation charge:

4. The amount of accumulated depreciation at the end of useful life:

5. The book value of the Motor vehicle at the end of the useful life: