An aircraft requires a planned overhaul each year at a cost of GHS5,000. This is a condition of being allowed to fly. How should the cost of the overhaul be treated in the financial statements? o a. Provided for in advance and charged to maintenance expenses b. Accrued for over the year and charged to maintenance expenses C. Capitalised and depreciated over the period to the next overhaul d. Charged to profit or loss when the expenditure takes place A non-current asset has a carrying amount of GHS 20,000. It could be sold for GHS 18,500 with selling costs of GHS 500. Its value in use is GHS 22,000 and its replacement cost GHS 50,000. According to IAS 36 Impairment of Assets, what is the recoverable amount of this asset? O A. GHS 18,000 B. GHS 20,000 C. GHS 22,000 D. GHS 50,000