Use the following information for the questions 12&3 On 15 January 2015 Mohammed LLC Company started a business of selling and buying Tiles for constructing buildings around Muscat. The company has brought few assets while starting the business namely cash balance RO 15,000, Bank balance RO 8,500, short term investments RO 7,250. The company was running successfully the tiles business and started earning good profits and the company gradually improved their business during the first three months also purchased a plant and machinery on 1 April 2015 RO 40,000 and installation 10,000 and life of the Plant and Machinery is 4 years with scrap value of RO 10,000. The company has brought additional capital of RO 70,000 in addition to the regular profits and purchased a building for RO 70,000 on 15 July 2015 and a loan also borrowed from the Bank Muscat by showing the past months profits on October 2015 of RO 45,000 at 5% interest payable every year. The company with the positive progress in the tiles business they also started a new branch at Barka with a capital of RO 100,000. The company had bought one equipment on 19 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 The Company of 3,000 and the equipment is depreciated at 25% per annum on reducing balance method/written down value method. 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 four years under Straight Line Method (5 Marks) (5 Marks) Q2. Building for five years under straight line method Q3. Equipment for five years under reducing balance method or written down value