(A) At 1 July 2018, Creative Ltd acquired 150,000 shares in Brokerage Ltd at a price of $5 each. There were brokerage fees of $1,000. The closing market price on Brokerage Ltd shares on 30 June 2019 was $10. Provide the required accounting journal entries for Creative Ltd to account for the Investment in Brokerage Ltd using fair value through other comprehensive income at 1 July 2018 and 30 June 2018. Also show calculations/workings. (4 Marks) ii. How future dividends on above equity investment will be treated in the financial statements of Creative Ltd. (1 Mark) Accolade Ltd is a manufacturing company making heavy machinery. It has factories in Western Australia (WA) state and Northern Territory (NT). Following is a list of property, plant, and equipment held by the firm as at 30 June 2020 in the two factories at Western Australia (WA) and the Northern Territory (NT). All money values are in $. Carrying value at 30 june 2020 fair value at 30 June 2020 30 000 140 000 70 000 90 000 20 000 Factory (WA) Land Building Cost Accumulated depreciation Factory (NT) Land Building -Cost Accumulated depreciation 160 000 100 000 120 000 SO 000 SO 000 Additional Information: The company has revalued land in NT factory on 30 June 2019 and has a revaluation surplus of $4 000. All other assets have not been previously revalued. The accounting policies of the Company state that land and building classes of assets follow the revaluation model. - ABC Ltd is exempt from income tax. There were no revaluations conducted for assets for the year ended 30 June 2020. a) Explain three principles you would consider in accounting for the revaluation of the above assets. b) Directors of Accolade Ltd has now ascertained the fair values of the property, plant and equipment, and land at 30 June 2020, as shown above. Provide the relevant journal entries as at 30 June 2020. i. Land in WA ii. Building in WA iii. Land in NT iv. Building in NT c) Provide depreciation journal entries for the buildings located in WA and in NT for the year ended 30 June 2021. On 1 July 2019, the remaining useful life of Building in WA was 10 years and building in NT was 12 years. i. Building in WA ii.Building in NT