Question 4: a) Ibri Store has the following current and non-current assets (fixed assets); Machinery Inventory Cash at bank Building Vehicle Bills receivables At the end of the year, how many assets will come under the category of depreciation and why? (4 marks) (Suggested: 80 100 words) b) On 7th February 2014, a company bought machinery for RO 150,000 and spent RO 40,000 on repairs and RO 10,000 on installation. Calculate depreciation 14% p.a by using reducing balance method for 5 (6 marks) years