Question: Write down the solution to the following problems:

A car was purchased on 1/1/1433 AH, and its cost is 140,000 riyals, its value is scrap 16,000 riyals, and its life span is 13 years. Assuming that on 12/30/1438 AH it was decided to sell the car for 30,000 riyals

Required:

A- Calculating the annual depreciation rate using the declining premium over the productive life of the asset.

B- Conducting consumption restrictions for all years of asset depreciation.

C- Determine the result of selling the car, whether there is a profit or loss from the sale process, making a record of selling the car, and proving the profit or loss.

D- Clarify the impact on the final accounts and the statement of financial position.