CHE 2 -Asset Part 2 Problem 1 Discuss and answer the following questions: 1. Does the activity ofplanting plants that will be used inthe production ofmedicines fall within the scope of PEAK 69? 2. Does shing activity in the sea fall within the scope of PSAK 69? 3. Do oil palm plantations fall within the scope of PSAK 69? Describe the accounting treatment for biological assets and agricultural products in oil palm plantations. Problem 2 PT Susu Sapi Sehat started a dairy farm. In early 2021r the Company purchased 1.000 dairy cows. with an average age of 1 year. for Rp12 million per cattle. The following is data on the fair value ofcattle (fair value less costs to sell: Beginning of 2021 [Rpl End of 2021 {Ftp} CattEe at age of less than 1 year old Rp5 million Rp5.5 million Cattle at 1 year old Rp12 million Rp12.5 million Cattle at 2 years old Ftp19I million Rp21 million In addition. it is known that at the end of the year there were 22 calves born. 1. Explain the accounting treatment (nojourna! entry required] for the dairy farming activity. 2. ltiIIhat should be disclosed in the notes to the nancial statements? Problem 3 On January 1r 2015. PT Pondok Indah Property purchased a building for Rp3 billion. The estimated useful life is 30 years and the Company uses the straightline depreciation method. On December 31. 2020. the Government initiated a plan to build an overpass adjacent to the building which would reduce access to the building. thereby lowen'ng its value. The Company estimates that it can sell the building for Rp1.9 billion but will have to incur costs of Rp200 million. Alternatively. if the Company continues to use the building. the present value of the net cash flows generated by the building will amount to Rp1.3 billion. In 2021. the Government is building an additional road parallel to the flyover which can further increase access to the building. thus increasing the recoverable value to Rp2.4 billion. Required: 1. Determine the accounting treatment andjournal entry in 2020. 2. Determine the accounting treatment andjournal entry in 2021. assume that the Company adopts the cost model. 3. Determine the accounting treatment andjournal entry in 2021. assume that the Company adopts the revaluation model