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Fair value of asset is OMR 100,000 and Present Value is OMR 99,500. The life of the asset is 10 years. Find the value of depreciation: OMR 12,000 OMR 10,000 OMR 10,450 OMR 9,950 On 14 January, 2015 Falcon International has purchased 50,000 shares of Bank Muscat for OMR 0.500. This investment is classified as held for trading. On 31st 2015 the fair value has been quoted as OMR 0.600 per share. Identify the correct statement Investment will be debited and other comprehensive income will be credited Comprehensive net income will be debited and investment will be credited Comprehensive net income will be debited and net income will be credited Gains net income will be credited and investment will be debited for OMR 1.200 each. On 30th November 2015