a) Discuss how professional judgment is applied to the accounting policies and estimates a company uses to measure Property, Plant and Equipment (PPE) for FY2019. (10 marks)

b) Based on your findings in part a), critically evaluate and discuss whether the professional judgment applied in accounting estimates and policies of PPE has been reasonable/appropriate by comparing to another company in the same industry. (15 marks)

c) Critically evaluate and discuss whether the disclosure made by the company regarding the accounting estimates and policies of PPE reflects the qualitative characteristics of financial information according to the Conceptual Framework. (15 marks)