Question 4: a) Sohar printing company holding the following current and non-current assets (fixed assets): Accounts receivables Closing stock Printing machinery Truck Building At the end of the year, Sohar printing company charged depreciation on all fixed assets except current assets, why? Discuss. (4 marks) (Suggested: 80 100 words) b) A company bought on 1st January 2014 machinery for RO 200,000 and immediately spent RO 40,000 on repairs and RO 10,000 on installation. Calculate depreciation 15% p.a by using reducing balance method for 5 years. (6 marks)