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On 15 January 2011, Moon Lights International purchased a machine for OMR 48,000 and paid OMR 500 for fitting and installation of machine. The expected salvage value to be received is OMR 4,000. The expected useful life of the machine is 20 years. On 11 July 2017 the machine was sold. The depreciation is charge under straight line balance method on 31st December every year, As per the treatment requirement under the conceptual framework, what was the value of machine at the time of de-recognition? None of these Find the recognition date and value of the machine on the date of recognition? 1st January 2011 and OMR 48.000