10 Changsha Corporation purchased an asset during the fourth quarter of the current fiscal year. It is now the end of the fiscal year, and the asset's fair value exceeds its historical cost. In certain circumstances, IFRS allows or requires Changsha to carry the asset at fair value in its year-end balance sheet. In which of the following scenarios might Changsha carry the asset at fair value? 1. The asset is a new home office that Changsha occupied immediately after the purchase. II. The asset is a broadcasting license with an indefinite useful life. III. The asset is an office park that is being rented to a tenant. IV. The asset is 100 hectares of young trees that will eventually be turned into wood products. V. The asset is a vineyard consisting of mature grapevines. Multiple Choice O Scenarios I, II, and IV. Scenarios III, IV, and V. Scenarlos I, III, IV, and V. All scenarios are correct