Question 5 Saud LLC Purchased a delivery van for OMR 40000 on 14 January 2016. Depreciation rate is 15% per year on Reducing Balance Method. As at 1st January 2020 the van could be sold to another company for OMR 30000 but there would be repair costs of OMR 2000. To replace the van with a new version would cost OMR 36000. The cash flows from the existing van are estimated to be as follows: Year 1 20000 Year 4 16000 Year 2 26000 Year 5 12000 Year 3 25000 Year 6 24000 The optional discount rates for this company are as follows: Option 2 Option 3 Option 4 Option 1 7% Option 5 Option 6 9% 12% 1696 17% 10% Note: Selection is from your own choice Calculate the value of this van under the following bases: a) Historical cost (5) b) Net realisable value (3) c) Current cost (5) d) Present value (7) (Total of 20 Marks)