Accounting (Individual work) Based on the annual report you downloaded. Write a memorandum responding to your Financial Manager regarding the following: a) Identify and explain the four types of qualitative characteristics which are detectable in the financial statements section of the annual report. b) Companies are expected to report their financial statements on a going concern basis. When is it acceptable for companies to not prepare their financial statements using the going concern principle? c) The license printing machine is included in the closing balance of R9 017 000 for line item "other machinery and equipment to be found in the tangible asset note. Evaluate whether it would be 31 March 2022 beneficial for the department to repair or purchase a new licence printing machine. d) "Movable capital assets are initially recorded in the notes to the financial statements at cost. Movable capital assets acquired through a non-exchange transaction is measured at fair value as at the date of acquisition". Explain the difference in using the cost model and the fair value model at initial measurement and subsequent measurement e) The accounting changes in estimate are applied prospectively in accordance with which standard? Additional Accounting information Your financial manager is very much interested in you working with her on the National Driver's Licence Department of Southern Africa job. This is because she has heard that in Accounting 3 there was a strong focus on financial reporting and therefore trusts that you are competent and well versed in the skill of accounting and external reporting. You are better suited to execute the task that relates to the issue of the broken-down machine used to produce driver's licenses for almost the whole country. For your first task she has asked you to do the following: a. Download the latest Department of Transport annual report b. Save it and have it ready to access at any given time as she will be consulting with you regularly