12. Changsha Corporation purchased an asset during the fourth quarter of the current fiscal year. It is now t gsha to carry the asset at fair value in asset's fair value exceeds its historical cost. In certain circumstances, IFRS allows or requires Chan its yearend balance sheet. In which of the following scenarios might Changsha carry the asset at fair valu a. The asset is a new home office that Changsha occupied immediately after the purchase. b. The asset is a broadcasting license with an indefinite useful life. c. The asset is an office park that is being rented to a tenant d. The asset is 100 hectares of young trees that will eventually be turned into wood products. e. The asset is a vineyard consisting of mature grapevines. ght Changsha Corporation record a gain on th 13. This is a continuation of problem 12. In which of the five scenarios described below mi asset in its income statement? (You may select more than one.) a. The asset is a new home office that Changsha occupied immediately after the purchase. b. The asset is a broadcasting license with an indefinite useful life. c. The asset is an office park that is being rented to a tenant. d. The asset is 100 hectares of young trees that will eventually be turned into wood products. e. The asset is a vineyard consisting of mature grapevines