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supplies at the end of the accounting period + (1 Mar 2. The cost of an equipments OMR 91.500 and accumulated depreciations OMR 50,000 Wat

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supplies at the end of the accounting period + (1 Mar 2. The cost of an equipments OMR 91.500 and accumulated depreciations OMR 50,000 Wat is the value of the equipment recorded in the balance sheet Mark) Der CMR 15.500 OMR 91,500 OMR 60.000 3. If the estimated useful life of a machine is 10 years. Assume that annual depreciation on the machine is OMR 600 or OMR 50 per month Journal entry for depreciation for the month of March will be (1 Mark) Done Accumulated depreciation debet OMR GOO. Depreciation expense debit OMR 50 a Depreciation expense debli OMR 600 and ACCUMed depreciation of OMR 503

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