1. Assume you have started a manufacturing business 2. List down at least 10 assets acquired during the period with date of acquisition, cost, residual value and useful life 3. These 10 assets should be from at least 3 of the following categories: 1. Land 2. Machinery 3. Furniture 4. Computer 5. Vehicles Explain which model (cost or revaluation) you would pick for each of the categories above for your company at the end of the year. Justify this choice 5. Prepare depreciation schedule for THREE of the assets you have acquired 5. Assume one asset is disposed of, assume a date of disposal and value for sale proceeds and prepare journal entry for its disposal Assume that there is an accident with ONE of the 10 assets you have acquired. With assumed figures explain how you would run an impairment test at the end of the rear me that there is a sharp increase in land prices so you decide to revalue at year sure to show all journal entries and extracts of p&l and balance sheet at year