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(2) A new manufacturing plant housing the latest robotics technology was set up during the year. The following costs were incurred during the year and
(2) A new manufacturing plant housing the latest robotics technology was set up during the year. The following costs were incurred during the year and capitalised as part of property, plant and equipment: Construction costs Assembly and installation of equipment Allocated general overheads Testing of equipment Employee training Advertising of new products being manufactured Safety inspection Sales launch event for new product f 180,000 45,000 20,000 8,000 3,000 1,300 1,000 1,500 259,800 The manufacturing plant was ready for use on 1 March 2020. However, the appropriately trained staff were not immediately available to run the plant and therefore it did not open until 1 April 2020. Six months' depreciation has been charged on the plant's capitalised cost. The manufacturing plant is depreciated on a straight-line basis over 20 years. Explain the required IFRS financial reporting treatment in Tara Ltd's financial statements for the year ended 30 September 2020
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