Question 16 Not yet answered Marked out of 1.00 Flag question On January 1, 2020, a company purchased a property for OMR 710,000, its estimated salvage value is OMR 10,000 and the straight-line rate of depreciation is 10%. The amount of depreciation expense to be recorded on December 31, 2020 for the property under double declining balance method is; a. OMR 142,000 b. OMR 140,000 c. OMR 71,000 d. OMR 70,000