As part of your continuing professional development as a graduate accountant at Stone & Crase Business Solutions Pty Ltd, the Managing Partner (Gerard Crase) has asked you to review each of the following separate cases where a client has violated at least one of the accounting assumptions, concepts or definitions that you studied at university in Accounting For Business. The Managing Partner (Gerard Crase) has again asked that you prepare your explanations in the form of a formal business letter addressed to him (not the clients). If he is satisfied with your explanations, this letter will then be used as the basis of a response to these clients. In your letter, you need to provide the following for each of the three separate cases: a) Explain the main accounting concept or assumption that has been violated, and; b) Describe what the correct treatment should be in each case. i. Luke, the owner of a market garden, has recorded the value of a public road running past his land as an asset in his Balance Sheet. He felt this was the correct treatment as access to the road allows him to transport his products for sale. (3 marks) ii. Han, the owner of a removal and transport business, purchased a laptop for his own personal use using the business bank account. He recorded this as a debit to Computers and credit to Cash at Bank in the business accounts. (3 marks) iii. Leia, the owner of a small bakery specialising in large, cinnamon rolls, has decided not to record any depreciation for the year because profit for the year was quite low