5: PROPERTY, PLANT & EQUIPMENT & IMPAIRMENT OF ASSETS (TOTAL: 30 MARKS) Alder Ltd had several Property, Plant & Equipment items and they followed the cost model to measure their assets. Its financial year end is 31 March. On 31 March 2021, the company's PPE items and their balances are as follows: Cost as at 01 April 2020 Land ($) 1,200,000 Less: Accumulated Depreciation Less: Accumulated Impairments Balance as at 31 March 2021 1,200,000 Plant ($) Motor Vehicles ($) 300,750 550,000 175,500 267,500 125,250 282,500 Alder Ltd uses the straight line method to depreciate Plant and Motor Vehicles. Alder Ltd has been following the cost model to measure PPE however on 1 April 2021, the company decides to revalue the Land and Motor Vehicles. An independent value assessed the assets at fair values as follows: Land Motor Vehicles 1,500,000 250,000 (a) Complete the following table as a part of the PPE note to be included in the notes to the financial statements of Alder Ltd on 31 March 2022. Balance as at 01 April 2021 Less: Accumulated Depreciation Less: Accumulated Impairments Balance as at 31 March 2022 (8 Marks) Land ($) Plant ($) Motor Vehicles ($)