B. Oryx Company is a shipping company. It owns a permanent building constructed with selected materials that was purchased on January 1, 2018 for OMR 140,000. It started using it after one year. On January 1, 2019, the company purchased a ship and started providing shipping services. On that date, the market values of the building and ship were OMR120,000 and OMR 95,000, respectively. For that tax year, Oryx reported depreciation of OMR 19,850 on its tax return. (3.25 marks) C. In 2018, Company N, an Omani Company, reported beginning written down value of OMR 24,800. On April 1, 2018, the company acquired plant and machinery costing OMR 14,400 and sold plant and machinery for OMR 11,200 during the year. On January 1, 2019, the company's accountant recorded written down value of OMR 18,667. (2.5 marks)
