ABC Ltd is a running a computer game business. Details of its non-current assets as at 31 December 2015 and 2016 were:

	Office $000	Cyber game building $000	Equipment $000	Total $000
As at 31 December 2015
Cost	60,000	80,000	1,500	141,500
Accumulated depreciation/ amortization	(8,000)	(22,000)	(200)	(30,200)
Carrying amount	52,000	58,000	1,300	111,300
/	/	/	/	/
As at 31 December 2016
Fair value	73,000	59,000	620

Office

The office had been used by ABC Ltd as back office. From 1 November 2016, the office was let to ABC Ltds subsidiary EE Company and charged $100,000 each month. The fair value of the Office on 1 November 2016 was $70 million. Certain building management services such as day-to-day cleaning and security were provided.

Cyber game building

The game buildingcovers an area of 6,000 square feet and had been operated by ABC Ltd for many years. The area of the game building could not be sold separately. The business of cyber game had not been growing as expected due to fierce market competition.

On 1 May 2016, ABC Ltd decided to let the game building to an unrelated company Pineapple Limited which sells smartphones, computer hardware and software. Meanwhile, ABC Ltd retained 100 square feet for selling its own game products. The fair value of the game building on 1 May 2016 was $60 million.

ABC Ltd adopts cost model for its property, plant and equipment and intangible assets whereas fair value model for investment property. Depreciation is calculated based on 5% per annum based on the cost for the office, the game building and the equipment. It requires full-month depreciation and no depreciation is necessary for the month when the asset is derecognized.

Questions:

A. For the year ended 31 December 2016, explain the accounting treatments for:

(i) Office

(ii) Cyber game building

B. Determine the carrying amount of each of the non-current assets of ABC Ltd as at 31 December 2016.

C. Prepare an extract of financial statements of ABC Ltd as at 31 December 2016.