Question 30 Useful life or service life can be expressed in terms of: (1 Mark) Not yet answered Marked out of 1.00 Flag question Units of activity Units of output Time All of these are true Question 31 Under what conditions or circumstances a notes receivable is used? (Mark) Not yet answered Marked out of 1.00 Flag question Exchange of current assets Exchange of non-current assets Loans None of these Destion 32 Not yet answered Marked out of 100 Total sales of the company were OMR 84,000 and out of which OMR 16,000 was cash sales. The estimated bad debts expense based on past experience is 5%. Calculate the value of bad debts expense under percentage of sales method. (1 Mark) Pag question OMR 3,400 OMR 800 OMR 16,000 OMR 4,200 Question 33 Question 33 Not yet answered Which of the following statement is correct about repairs and betterment? Mark) Marked out of 1.00 Flag question While recording betterment expenses, repair account is debited Ordinary repairs extend the useful life of an asset Betterment benefits future periods Betterment is a revenue expenditure