Adam BSC Case The following scenario should be used to answer the five questions at the end of the scenario. Adam BSC is a company listed on the Bahrain Bourse. Details of Adam BSC's non-current assets at 1 October 2018 were: Land and Buildings Telecom Licence Plant Total BD m BD m BD m BD m Cost/valuation 280 150 300 730 -40 -105 -30 -175 Accumulated depreciation/ Amortisation Carrying amount 240 45 270 555 The following information is relevant: 0 The land and buildings were revalued at BD280 million on 1 October 2013; of this amount, BD80 million was attributable to the land and BD200 million to the buildings. At that date, the estimated remaining life of the buildings was 25 years. A further revaluation was not needed until 1 October 2018 when the land and buildings were valued at BD85 million (for the land) and BD180 million (for the buildings). At that date, the buildings had an estimated life of 20 years. (ii) Plant is depreciated at 20% per annum on cost with time apportionment where appropriate. On 1 April 2019, new plant costing BD45 million was acquired. In addition, this plant cost BD5 million to install and commission. No plant is more than four years old. (iii) The telecoms licence was bought from the government on 1 October 2017 and has a ten-year life. It is amortised on a straight- line basis. In September 2019, a review of the sales of the products related to the licence showed them to be very disappointing. As a result of this review the estimated recoverable amount of the licence at 30 September 2019 was estimated at only BD100 million. There was no disposal of non-current assets during the year to 30 September 2019. There was no disposal of non-current assets during the year to 30 September 2019. What is the carrying amount of the land and buildings at 30 September 2019? Choose... Adam BSC's licence is now carried at its recoverable amount. The recoverable amount of an asset is the higher of ... What is the depreciation charge on the plant for the year ended 30 September 2019? Having revalued its property, Adam BSC is required to make certain disclosures in respect of the revaluation. Which disclosures is Not required? Choose... BD140 million Fair value less costs of disposal and Value in use BD35 million BD256 million The effective date of revaluation. The carrying amount of assets if no revaluation had taken place. BD30 million Carrying amount less costs of disposal and Value in use Fair value less costs of disposal and Carrying amount BD271 million The professional qualifications of the valuer. BD240 million Which is the amount of the impairment loss on the licence? uiz-1....pdf ACCO342 Financial....docx There was no disposal of non-current assets during the year to 30 September 2019. What is the carrying amount of the land and buildings at 30 September 2019? Choose... Adam BSC's licence is now carried at its recoverable amount. The recoverable amount of an asset is the higher of ... Choose... What is the depreciation charge on the plant for the year ended 30 September 2019? Choose... Having revalued its property, Adam BSC is required to make certain disclosures in respect of the revaluation. Which disclosures is Not required? Choose... Which is the amount of the impairment loss on the licence? Choose