Que: 3 A company purchased a fixed asset on 1-1-2017 for OMR 100,000 and decided to depreciate it at 10% per annum on straight-line basis. The replacement value of the asset on the following dates was noted as follows: (3 Marks) 31.12.2017.-.--OMR 120,000 31.12.2018 ------OMR 150,000 31.12.2019----OMR 200,000 Assuming depreciation is chargeable on the basis of the year-end replacement value. Under CCA method of inflation accounting, you are required to compute for each of the 3 years: 1. Depreciation adjustment 2. Backlog depreciation