Q3. XYZ Company, a manufacturing firm in Saudi Arabia, wants to evaluate its fixed asset management using the straight-line depreciation method. Here are the relevant details in Saudi Riyals (SAR):

Total Fixed Assets: SAR 1,500,000 Accumulated Depreciation: SAR 500,000

Useful Life: 10 years Salvage Value: SAR 100,000

Question: Calculate the book value and the annual depreciation expense of the fixed assets, analyze the impact of fixed assets on financial statements, and provide recommendations to optimize fixed asset management.