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Saeed Ltd had sales of AED 500,000, cost of goods sold of AED 180,000, selling and administrative expense of AED 90,000, and operating profit of

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Saeed Ltd had sales of AED 500,000, cost of goods sold of AED 180,000, selling and administrative expense of AED 90,000, and operating profit of AED 70,000. What was the value of depreciation expense? A) AED 170,000 B) AED 160,000 C) Less than AED 160,000 D) More than AED 170,000 Select one: O D C A B

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