tion 1 et Jered ced out of TGY Company purchased a machine from Korea on...
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tion 1 et Jered ced out of TGY Company purchased a machine from Korea on June 1, 2020 and paid OMR 15,000. The company paid OMR 500 for freight from Korea to Oman and OMR 300 for installation. On June 1, 2020 the machine has a market value of OMR 17,000. Upon installation, a staff damaged a part by his own negligence and repairs was made costing OMR 200. As per the conceptual framework on measurement, how much should be debited to expense in the books of TGY Company and how much will be the increase in machine account? ag stion a OMR 500 and OMR 15,000 b. OMR 200 and OMR 15,800 C. None of these d. OMR 800 and OMR 15,200
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