(Q1) If cost of a machine is OMR 40,000, estimated salvage value is OMR 4,000, Total units of production are 36,000 and units produced in the month of June 30,000 then calculate the depreciation expense for the month of June under Units of production method? (1 Mark) o B TOSHIBA 412 F11 F10 (02) If Cost of an asset is OMR 60,000 and amount of depreciation calculated at the end of the Year is OMR6,000 then which one of the following is the correct journal entry for recording the depreciation? . (1 Mark) (Q3) if useful life of an asset is 5 years and starting book value is OMR 40.000 then calculate the amount of depreciation under double declining balance method? (1 Mark) TOSHIBA (Q4) A new equipment acquired for OMR 40,000. In exchange, the company pays OMR 16,000 cash and trades in old equipment: The old equipment originally cost OMR 44,000 and has accumulated depreciation of OMR 12,000. What will be the amount of gain or loss on the equipment? (1 Mark) PO TOSHIBA