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Zameel corporation has purchased a hotel on 1st April 2018 with an overall cost of OMR 500,000. The break up of cost is as Land
Zameel corporation has purchased a hotel on 1st April 2018 with an overall cost of OMR 500,000. The break up of cost is as Land and Building OMR 3,00,000 (Land element is OMR 150,000) useful life is 30 years, for lifts OMR 100,000 with a useful life of 20 years and fixtures and furniture OMR 100,000 with a useful life of 10 years. What will be the annual depreciation charge? a. OMR 30,000 b. OMR 20,000 c. OMR 22,000 d. OMR 25,000 Zameel corporation has purchased a hotel on 1st April 2018 with an overall cost of OMR 500,000. The break up of cost is as Land and Building OMR 3,00,000 (Land element is OMR 150,000) useful life is 30 years, for lifts OMR 100,000 with a useful life of 20 years and fixtures and furniture OMR 100,000 with a useful life of 10 years. What will be the annual depreciation charge? a. OMR 30,000 b. OMR 20,000 C. OMR 22,000 d. OMR 25,000
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