Part B Modern Steels Mills LLC (MSM) is a prominent steel company and leading suppliers of trusted and quality steel products in all major markets. MSM purchased a machine on January 5, 2020 for OMR...

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Extracted text: Part B Modern Steels Mills LLC (MSM) is a prominent steel company and leading suppliers of trusted and quality steel products in all major markets. MSM purchased a machine on January 5, 2020 for OMR 16,700. Transportation costs amounted to OMR 300. The estimated useful life is 5 years, and the machine has a salvage value of OMR 2,000. Required: 1. Prepare the depreciation schedule of a machinery for 5 years using written down value method of depreciation. Course Code: BAMA1101 2. There are dif ferent depreciation methods, which allow businesses to determine the projected loss of value of certain assetsover time or based on actual physical usage. Explain any two methods of depreciation other than the written down value method.