Student ID On 1" January 2015 Mohammed LLC Company started a business of selling and buying Tiles for constructing buildings around Muscat. The company purchased a plant and machinery on 1" April 2015 RO 40,000 and installation 10,000 and life of the plant and Machinery is 5 years with scrap value of RO 10,000 the company depreciates plant at 25% per annum on reducing balance method/written down value method. The company had bought one equipment on 1" October 2016 in another branch for RO 20,000 with the installation value of RO 5,000 which has estimated life of 4 years with the estimated scrap value of 3,000 and The Company closes it books of account every year on 31" December and Mr. Khalid a new accountant has been appointed in the company who is a fresh Bachelor Graduate in accounting with high GPA but he wants your expertise knowledge to understand the concept of the depreciation and you are required to prepare depreciation schedule for the following non-current assets and showing the all working notes. Q1. Plant and machinery for five years under reducing balance method or written down value Method. (2.5 Marks) Q2. Equipment for four years under Straight Line Method (2.5 Marks)