Q2: Oman Cement Company purchased a new machine for their operational expansion valued at OMR 319,000 on January 1. The equipment has an estimated useful life of six years. The equipment is estimated to have a salvage value of OMR 8,100. Assuming the straight-line method of depreciation: a) How do you describe straight line method? b) What is the amount of depreciation expense that needs to be recorded at the end of the first year? c) Is there any change in the value of first and second year depreciation amount? If yes how much? If no why? Give reasons to your answer. (1+2+2=05 Marks)