4. Skybird Airlines is an airline which treats its aircraft as complex non-current assets. The cost and other details of one of its aircraft are: GHC'000 Estimated life Exterior structure - purchase date 1 April 2005 120,000 20 years Interior cabin fittings - replaced 1 April 2015 25,000 5 years Engines (2 at GHC9 million each) - replaced 1 April 2015 18.000 36,000 flying hours No residual values are attributed to any of the component parts. At 1 April 2018 the aircraft log showed it had flown 10,800 hours since 1 April 2015. In the year ended 31 March 2019, the aircraft flew for 1,200 hours for the six months to 30 September 2018 and a further 1,000 hours in the six months to 31 March 2019. On 1 October 2018 the aircraft suffered a 'bird strike' accident which damaged one of the engines beyond repair. This was replaced by a new engine with a life of 36,000 hours at cost of GHC10-8 million. The other engine was also damaged, but was repaired at a cost 2 TAS: John Kvel, CA (057-11-77-145) Kofi Oduro-Boateng. CA (027-90-95-702) Kojo David Ayipaala(055-21-70-583) of GHC3 million; however, its remaining estimated life was shortened to 15,000 hours. The accident also caused cosmetic damage to the exterior of the aircraft which required repainting at a cost of GHC2 million. As the aircraft was out of service for some weeks due to the accident, Skybird Airlines took the opportunity to upgrade its cabin facilities at a cost of GHC4-5 million. This did not increase the estimated remaining life of the cabin fittings, but the improved facilities enabled Skybird Airlines to substantially increase the air fares on this aircraft Required Calculate the charges to the income statement in respect of the aircraft for the year ended 31 March 2019 and its carrying amount in the statement of financial position as at that date. Note: the post accident changes are deemed effective from 1 October 2018