Question 4: a) Ibri rent a car Company bought a car that costs RO 15,000 with an estimated salvage value of RO 500 and the expected useful 10 years. Depreciation charged by using SLM (Straight line method). At the end of the 10th year the books of accounts showing accumulated depreciation RO 14,500. What does the amount accumulated depreciation represent? Does this balance represent cash that can be used to replace the car when it is completely depreciated? Yes or no, justify your answer. (4 marks) (Suggested: 80 - 100 words) b) Machinery is bought for RO 20,000 with an estimated useful life of 4 years. The expected scrap value at the end of its useful life is RO 2,000. Calculate the WDV Rate (Written Down Value method) and Prepare the Depreciation Schedule for 4 years. (6 marks)