A You MUST answer the question in this section. The question is worth 30 marks. You are reminded to show all relevant workings in your answer booklet. Question 1 Sofia Ltd has an accounting year-end of 31 December. At 1 January 2019, the following balances were brought forward in the company's ledgers: Cost b/f: Land & Buildings 000 20,750 Plant & Machinery Goodwill Internal Development Costs Accumulated Depreciation b/f: Land & Buildings Plant & Machinery Internal Development Costs 120,540 16,600 15,810 1,798 61,259 4.742 Notes for the year ended 31 December 2019: a) The cost of Land brought forward was 13.45 million and that of Buildings 7.3 million. Buildings are being depreciated over 50 years on the straight-line basis. There were no additions to Land & Buildings in the year. At 30 June 2019, Land & Buildings which had cost 13.175 million were disposed of for 9.6 million, giving rise to a loss on disposal of 1,976,500. At 1 July 2019, the remaining Land & Buildings were valued at 4.117 million for Land and 6.597 million for Buildings. The company intends to use the valuation model for Land & Buildings from that date. The remaining life of Buildings is estimated to be 40 years from the date of valuation. b) Plant & Machinery was purchased for 26.29 million on 1 April 2019. Plant & Machinery, which had cost 19.59 million, was disposed of on 30 June 2019 for 6.7 million, at a loss on disposal of 756,000. Plant is depreciated over 6 years on the straight-line basis. c) Internal development costs of 4,940,160 were incurred and capitalised in the year. Internal development costs are amortised over 7 years on the straight-line basis, with full amortisation in the year costs are incurred. Required: Prepare an appropriate table for Property, Plant and Equipment, and for Intangible Assets, suitable for inclusion in the Notes to the Financial Statements for the year ended 31 December 2019. 2 TOTAL FOR SECTION A: 30 MARKS